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France Telecom SA and Mid Europa Partners Complete Sale of Orange Austria to Hutchison Whampoa Ltd Subsidiary
France Telecom SA (France Telecom-Orange) announced that, together with it partner Mid Europa Partners (MEP), they have completed the sale of their combined 100% stake of Orange Austria GmbH (Orange Austria) to Hutchison 3G Austria Holdings GmbH (Hutchison), a subsidiary of Hutchison Whampoa Ltd. France Telecom-Orange held a 35% stake in Orange Austria and MEP a 65% stake. The sale of Orange Austria, based on an enterprise value of approximately EUR 1.3 billion, provides France Telecom-Orange with cash proceeds of around EUR 70 million for the sale of its equity stake.
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