As rumored, France Telecom (FTE) agrees to sell mobile-phone unit Orange Switzerland to P-E firm...

|About: Orange (ORAN)|By:, SA News Editor

As rumored, France Telecom (FTE) agrees to sell mobile-phone unit Orange Switzerland to P-E firm Apax Partners, though the sale price of €1.6B ($2.1B) is somewhat lower than had been expected. Swiss officials needs to sign off on the deal.