France Telecom announced that its subsidiary Orange S.A. has executed an agreement to acquire 80% of the shares of Auna Operadora de Telecommunicaciones S.A. (‘Auna’) owner of 97.9% of Retevision Movil S.A., a mobile operator under the tradename ‘Amena’. This operation will be definitely closed after the prior separation of the cable activities of Auna (Auna Tlc).
France Telecom made publicly known that it will proceed to merge Auna, Retevision Movil S.A. and France Telecom España (which holds the fixed and internet business of the group in Spain under the Wanadoo brand). Following the completion of the merger, France Telecom will retain approximately 75%-80% of the new merged entity. The balance (between 20%-25%) of the shares will be held by Santander, Union Fenosa and Endesa as well as by the minority shareholders wishing to keep their participation among which certain Spanish savings banks.
Em Foco – Projecto