Second round bids for FT’s Swiss unit due before year-end

10 Nov 2011

Second round bids for France Telecom’s (FT) Swiss subsidiary, Orange Switzerland, are due by 12 December, reports Dow Jones Newswires. Shortlisted bidders include private equity firms Apax Partners and Providence Equity Partners. Also included in the auction process are US-backed Liberty Global, owners of local cableco and quad-play provider Cablecom, which currently offers wireless services via a mobile virtual network operator (MVNO) agreement with Orange, and Egypt’s Naguib Sawiris, founder of Orascom Telecom Holding.

Switzerland, Salt (Switzerland), Sunrise (formerly Sunrise UPC)