Apax gets green light for FT takeover

17 Feb 2012

Switzerland’s anti-trust regulator, the Federal Competition Commission, has given Apax Partners the go-ahead to proceed with its acquisition of France Telecom’s (FT’s) local subsidiary, Orange Switzerland. The watchdog said that the purchase neither strengthened nor created a dominant market position, and as such would not require further investigation. As previously reported by CommsUpdate, the private equity firm beat rivals with a bid of CHF2 billion (USD2.13 billion).

Switzerland, Orange Group, Salt (Switzerland)