The Telecom operator Orange acquires the multimedia distributor Citydisc. By combining multimedia and telecommunication within the same groupe, Orange intends to lead to sell Citydisc’s products (CD’s & DVD’s) along with Orange products (Mobile & Telephony). Orange which is in the hands of France Telecom will enrich its branches of sale from 47 to 80 by the summer of 2009. The company intends to create 60 more jobs around Switzerland. No information on the amount of the transaction has been announced.

Source: www.bluewin.ch, 31 October 2008