PE Firms Eye France Telecom Swiss Unit

Private equity firms Apax Partners and EQT Partners are planning to submit bids for France Telecom’s Swiss unit.

Private equity firms Apax Partners and EQT Partners are planning to submit bids for France Telecom’s Swiss unit, Bloomberg reports. The seller may obtain a total of around $2.8 billion from the sale.

Cable operator Liberty Global is also interested in the company’s Swiss unit. The sale process is expected to start at the end of this month.

Click here for the story from Bloomberg.