Monday, August 08, 2011

Switzerland - With France Telecom proposing to sell its network, bidders are emerging, including a cable operator

[cellular news] Only a few weeks after France Telecom said that it was going to have another attempt at selling its Switzerland subsidiary, it is reported that at least three companies are interested in bidding for the company.

Citing three people familiar with the matter, Bloomberg News reported that Apax Partners, Eqt Partners and cable operator Liberty Global are all considering a bid for Orange Switzerland.

The sale process probably will begin at the end of this month, said two of the people, who declined to be identified as talks are private.

The company tried to merge Orange Switzerland with rival network, Sunrise last year, but it was blocked by the Swiss Competition Commission.

Suitors Lining Up for Orange Switzerland Sale

No comments: