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Swiss competition body OKs Orange deal
20 February 2012
Swiss Competition Commission approves France Telecom’s sale of Orange Switzerland to private equity buyer
Swiss Competition Commission Comco has cleared France Telecom’s sale of Orange Switzerland to UK-based private equity investor Apax.
Comco said: “The preliminary check has not found any evidence that the planned purchase would create or reinforce a market dominant position,” according to a report on swissinfo.ch.
The $2.2 billion transaction was announced in December 2011, pending approval from Swiss authorities.
In 2010, Comco blocked France Telecom’s plan to merge Orange Switzerland with rival operator Sunrise, then owned by Danish operator TDC but since sold to CVC, another other private equity investor. GTB
Further reading from Global Telecoms Business:
Bids for Orange Swiss due in December 10 Nov 2011
TDC sells Swiss unit to CVC for $3.3bn 17 Sep 2010
Orange to spend $632m on Swiss network 23 Jun 2010
France Telecom and TDC drop Swiss merger 04 Jun 2010