The sale of Orange Switzerland by France Telecom to Apax has been completed, FT announced.
The company said in a statement: “Based on the agreed enterprise value of CHF 2bn (corresponding to a multiple of 6.5x 2011 EBITDA) and after deduction of the…
The sale of Orange Switzerland by France Telecom to Apax has been completed, FT announced.
The company said in a statement: “Based on the agreed enterprise value of CHF 2bn (corresponding to a multiple of 6.5x 2011 EBITDA) and after deduction of the external net debt of the company, which mainly includes the upcoming payment of the spectrum Orange Switzerland has just acquired, the net proceeds to France Telecom-Orange for the sale is CHF 1.83 billion (slightly more than € 1.5 billion).”
