Orange-Takeover: One Step Closer to the Goal

Businessn.a. ♦ Published: November 27, 2012; 16:39 ♦ (Vindobona)

Telekom Austria is allowed to take over the discount operator Yesss!. Now, only the Commission has to approve the whole deal.

Orange-Takeover: One Step Closer to the Goal / Picture: © Vindobona.org

Today, the Austrian Cartel Court approved the planned acquisition of Orange´s discount brand “Yesss!” by Telekom Austria. This take-over was the precondition for the take-over of Orange by Hutchison Austria. Now, the Commission only has to approve the whole deal between Hutchison Austria, Orange and Telekom Austria.

In the last months, the Commission argued that…