Orange Reduces Bitco StakeOrange Reduces Bitco Stake
Orange reduces its stake in Thai joint venture Bitco from 49% to 10%
March 9, 2004
PARIS -- Following the Orange Board of Directors meeting of March 8th, 2004, Orange announces an agreement with its Thai partner, Charoen Pokphand/Telecom Asia (CP/TA), toward reducing its stake in their common joint venture BITCO, from 49% to 10%.
The completion of this transaction is subject to the approval of TA Orange lenders under the bridge loan, which they expect to refinance within the first half of this year.
You May Also Like
5G Transport & Networking Strategies Digital Symposium.Oct 26, 2023
Improve Service Efficiency in the Call Center and Field with Slack AutomationOct 13, 2023
Open RAN Evolution Digital Symposium Day 1Jul 26, 2023