France Telecom Switzerland and Sunrise seeking merger approval

France Telecom said Wednesday that it would pay 1.5 billion euros ($2.27 billion) to merge its Swiss subsidiary with Sunrise, Switzerland’s No. 2 operator, in an effort to challenge the state-owned market leader, Swisscom.

The merger is the second deal in three months for France Télécom, which in September announced plans to combine its unprofitable British operator, Orange U.K., with another struggling operator, T-Mobile U.K., in a 50-50 joint venture.

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