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Orange press release announcing new framework agreement

Author: Orange, Published on: 30 June 2015

Orange...and Partner Communications.... announce that they have signed an agreement which creates a new framework for their relationship...The agreement provides both Partner and Orange the right to terminate the current Orange brand license agreement (the “BLA”): If Partner does not exercise its right to terminate within 12 months, either Partner or Orange may terminate the Brand Licensing Agreement during the following 12 months.In addition, the agreement provides for total payments of €40 million to Partner from signing the agreement until completion of the market study, and an additional €50 million should the BLA be terminated within 24 months...

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