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Competition Commission approves Orange Switzerland sale to Apax

 |  February 17, 2012

The Swiss Competition Commission has approved the acquisition of Orange Switzerland by Apax Partners. Apax Partners is a U.K. private equity firm; Orange Switzerland, a France Telecom subsidiary, is one of Switzerland’s leading mobile operators. The Commission found that the presence of three large network providers remaining in the mobile telephone market provided sufficient competition.

Source: Marketwatch