Defense Expenditure in Austria to 2015 - Industry Dynamics and Competitive Landscape: Market Profile
- Published: August 2011
- Region: Austria
HONG KONG (Standard & Poor's) Feb. 3, 2012--Standard & Poor's Ratings Services said today that its rating on Hutchison Whampoa Ltd. (HWL: A-/Stable/--; cnAA/--) is not affected by the company's proposed acquisition of Orange Austria Telecommunication GmbH. We expect the merger of Hutchison 3G Austria Holdings GmbH with that of Orange Austria to improve the combined entity's competitive position and profitability in the next two to three years. We estimate that the proposed acquisition will likely increase HWL's consolidated leverage somewhat from our expectations of about 25% in unadjusted net debt-to-net capital ratio for 2011. HWL announced today that it would acquire 100% of Orange Austria for an enterprise value of -1.3 billion comprising about -0.2 billion in cash and...
Companies mentioned in this report are: Hutchison Whampoa Ltd.
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Hutchison Whampoa Ltd.