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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 787 |
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Under pressure of the EU-commission the new combined enterprise of Vodafone-Mannesmann was forced to sell of Orange to prevent monopoly dangers. France Telecom agreed to pay 48 billion euros for Orange. This price represented a 9 billion profit over the acquisition and resale of Orange over a period of a few months (Hopner and Jackson 2001)...
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Given how it turned out we can therefore conclude that the price paid by Mannesmann was not to high.
BBC Online 1999, Business; The company file: Orange takeover agreed. Available online http://news.bbc.co.uk/1/hi/business/the_company_file/481131.stm, 08/12/08, publication 1999.
Ewing J., Reed S., Clifford M...
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