Orange and T-Mobile UK seal merger

Deutsche Telekom and France Telecom have formalised the merger of T-Mobile UK and Orange, two months after the deal’s announcement.

Orange

The mobile giants have been in exclusive negotiations to finalise the deal since September (nma.co.uk 8 September 2009). It will create the UK’s largest mobile operator if aproved by regulators.

The combined operation will take a 37% market share, ahead of current market leader O2, which has a 27% share, and Vodafone with 25%. Revenue for the combined company is expected to be €9.4bn (£8.42bn) annually.

Both companies will take a 50:50 stake in the as-yet unnamed joint venture.

Timotheus Höttges, CFO of Deutsche Telekom, said, “The spirit of this partnership is reflected in the way we conducted and concluded our talks. Our joint venture, which has now passed a major milestone, will set new standards in the UK mobile sector.”

Gervais Pellissier, deputy CEO of France Telecom, said, “This is an important step towards our objective of establishing an excellent platform to deliver operational synergies and offer innovative and high-quality services to our customers.”

This story first appeared on newmediaage.co.uk

Latest from Marketing Week

PLEASE SIGN IN OR REGISTER. IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and inspiration that will help you develop as a marketer and leader.

Register and receive the best content from the only title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work, so we can make Marketing Week more relevant to you.

Register now

THE BEST CONTENT

Our award winning editorial team and columnists will ask the biggest questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we will be your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Dedicated to developing your skills and helping you achieve marketing excellence. Find guidance on leadership, professional development and the latest industry jobs.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here