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Orange Reduces Bitco StakeOrange Reduces Bitco Stake

Orange reduces its stake in Thai joint venture Bitco from 49% to 10%

March 9, 2004

1 Min Read
Orange Reduces Bitco Stake

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.

Orange SA

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