It is reported that the Hong Kong-based mobile phone operator Hutchison 3G is in talks to acquire Orange Austria, according to a January 17, 2012 report by Bloomberg. Hutchison 3G is already present in UK, Italy, Ireland, Austria, Denmark, Sweden, and Australia, and the company is a unit of Hutchison Whampoa owned by Hong Kong billionaire Li Ka-shing. Orange Austria is a mobile phone operator owned by France Telecom. It is projected that the acquisition will be valued at approximately 1.4 billion euros (US$1.8 billion; US$1=0.77 euro) and likely to be finalized within weeks, according to the same source.