France Telecom and TDC have reportedly not given up on merging their Swiss mobile assets despite last weeks ruling by the Swiss competition commission.
According to Swiss newspaper SonntagsZeitung, Orange CEO Thomas Sieber remains defiant and says that…
France Telecom and TDC have reportedly not given up on merging their Swiss mobile assets despite last weeks ruling by the Swiss competition commission.
According to Swiss newspaper SonntagsZeitung, Orange CEO Thomas Sieber remains defiant and says that the deal could still go ahead.
“The shareholders (of the two companies) are analyzing the situation, we’re looking at ways to finalize the merger,” Sieber reportedly said.
The combination of France Telecom’s Orange and TDC’s Sunrise would form a serious competitor to incumbent operator Swisscom and the firms may look to take the issue to court in a bid to get the ruling overturned.
France Telecom was advised by Perella Weinberg and Lazard on the deal.
TDC was advised by UBS and Morgan Stanley.
The Danish operator had been planning to launch an IPO once this deal was closed. There are now doubts as to whether it will go ahead with the listing in light of the competition commission’s decision.
