FT ups stake

20 Oct 2005

France Télécom is paying USD628 million to increase its stake in its Slovakian mobile subsidiary from 63.89% to 100%. The French telco says the deal to buy out all minority shareholders in Orange Slovakia will be completed by the end of the year. Orange is Slovakia’s largest cellular operator, with 2.39 million subscribers at the end of June, while its only rival, T-Mobile, had 1.9 million.

Slovakia, Orange Group, Orange Slovensko