TP06/079

Orion Telecommunications Limited - Panel Declaration and Orders

The Takeovers Panel advises that it has made a declaration of unacceptable circumstances and final orders in relation to an application dated 3 July 2006 from Orion Telecommunications Limited (Orion) in relation to acquisitions of shares in Orion by TelEurope Ltd and various associates (TelEurope), and Lewis Securities Ltd and various associates (Lewis Associates). The Panel published a Media Release in relation to the application on 4 July 2006 (TP06/64).