The sale of mobile operator Orange Switzerland could raise as much as E2bn, according to the CFO of its parent group, France Telecom.
Gervais Pellissier told Dow Jones in New York on 4 October: “We expect from the sale of [Orange] Switzerland between…
The sale of mobile operator Orange Switzerland could raise as much as E2bn, according to the CFO of its parent group, France Telecom.
Gervais Pellissier told Dow Jones in New York on 4 October: “We expect from the sale of [Orange] Switzerland between EUR1.5 billion and EUR2 billion, so that’s quite a big sale”, adding that FT expects to secure a buyer before the end of 2011.
Bidders for Orange Switzerland reportedly have until 10 October to submit first round bids.
As previously reported by TelecomFinance, the majority of interest in the Swiss unit is coming from PE firms, although there are also strategic players involved in the process.
Private equity firms CVC, Apax, Bain, TPG, EQT, Carlyle, Advent and Providence have all been highlighted by reports as being interested.
FT announced plans to sell Orange Switzerland on 28 July as part of a review of European assets. Lazard and Perella Weinberg Partners are advising on the Swiss sale.
