France Telecom has closed a EUR2 billion bond offering that will be used for the acquisition of 80% of the Spanish mobile operator Amena.
http://www.francetelecom.com
- France Telecom’s Orange subsidiary agreed to acquire an 80% equity stake in Auna Operadora de Telecommunicaciones S.A., the third largest mobile operator in Spain (trade name Amena), for EUR 6.4 billion. France Telecom, which currently ranks as the second largest DSL operator in Spain (the Wanadoo brand), said the acquisition would position it as a first tier competitor in Spain. Amena currently has 9.7 million mobile customers, representing a 24% market share. France Telecom serves 526,000 ADSL lines in Spain, representing 16% market share. 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. The deal would close after the separation of Auna’s cable and mobile assets.
