Funds advised by Apax Partners are to acquire 100% of mobile phone operator Orange Switzerland from France Telecom Orange for approximately CHF2bn (€1.6bn).
The transaction, which is still subject to the approval of the Swiss competition authorities, will be submitted to France Telecom’s Board of Directors for approval during January 2012.
Orange Switzerland has about 1.6 million customers and reported revenues of CHF1.3bn (€1.1bn) in 2010.
Advisers on the transaction included Nomura and Rothschild (M&A), A D Little and Oliver Wyman (Commercial), PWC (Accounting) and STB, Baer & Karrer (Legal).
FinSMEs
29/12/2011