France Télécom buys all of Slovak unit
Via The International Herald Tribune.
France Télécom agreed on Thursday to buy the 36 percent of its Slovakian mobile-phone unit it did not already own for $628 million.
Orange Slovakia, which has more than 2.3 million customers and a market share of 57 percent, had 420 million, or $502 million, in revenue last year, up 20 percent from 2003.
Europe's former national phone monopolies are looking outside their national borders for chances to gain customers in markets where revenue is growing faster. France Télécom's chief executive, Didier Lombard, has said he is looking for takeover targets worldwide. The company is considering bids for stakes in Tunisie Telecom as well as the Turkish company Telsim Mobil Telekomunikasyon Hizmetleri.
posted by Fergie @ 10/20/2005 05:42:00 PM
0 Comments:
Post a Comment
<< Home