Five bidders for Orange Switzerland

14 Dec 2011

Reuters reports that France Telecom-Orange has received five offers in its auction of its Swiss unit, although it declined to reveal the bidders. ‘The offers are all of good quality and in line with our expectations,’ a spokesperson for the French group said yesterday, adding that ‘each of the offers is self-financed with certain funds,’ and that France Telecom aimed to sign a deal with the eventual winner early next year. The company previously said it aimed to gain between EUR1.5 billion and EUR2 billion (USD1.9 billion and USD2.6 billion) from the sale of Switzerland’s third largest cellco.

Switzerland, Orange Group, Salt (Switzerland)