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Orange SA announces plans to withdraw from Swedish market
Posted: 19-Dec-2002 [Source: Orange press release]

[UMTS license requirements and market conditions force Orange SA withdrawal from Swedish market.]

Orange SA today announced its intention to withdraw from the Swedish market in direct response to the pressures placed upon it by the UMTS licence requirements and current market conditions.

In line with this, Orange Sverige will today significantly reduce the size of its operation with a redundancy programme affecting its remaining 243 staff. All positions affected will be dealt with in accordance with Swedish legislation and negotiations with the trade union representatives have begun. Employees will receive the company's full support during this period.

Orange will continue to explore all options to secure the future of its Swedish operation.

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