Mid Europa, France Telecom/Orange to acquire Austrian mobile operator OneMid Europa Partners and France Telecom have agreed to acquire 100 per cent of Austrian mobile operator One for an enterprise value of about €1.4bn. Following the transaction, Mid Europa will own a controlling stake in the company (65 per cent), with France Telecom owning the balance.
Thierry Baudon, managing partner of Mid Europa, said, 'We are delighted to acquire this high quality asset in close partnership with France Telecom and welcome this unique opportunity to combine the strong industrial skills of a leading telecom operator with our value creation focus and regional knowledge.
'This will be our sixth investment in mobile telephony in the Central European region,' Baudon added.
Mid Europa operates from offices in London, Budapest and Warsaw. The firm advises and manages funds with committed capital in excess of €1.1bn.
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Private Equity News» By Region» Europe» Western Europe» Austria
Private Equity News» By Region» Europe» Western Europe» Austria
