Tele2 and Deutsche Telekom’s T-Mobile have completed the merger of their Dutch operations. Tele2 CEO Anders Nilsson said the merged company will accelerate competition and investments in the Netherlands.
The deal was originally announced on 15 December 2017. Tele2 Netherlands has now been absorbed into T-Mobile Netherlands, and Tele2 owns 25 percent of the enlarged T-Mobile NL, while Deutsche Telekom holds 75 percent. Tele2 will also receive a cash payment of EUR 190 million, subject to standard closing adjustments.
The merged company has promised to deploy fibre, and in 2020, 5G. T-Mobile NL activated the first 5G antenna in Amsterdam in 2017. The company will in the first half of this year roll out fibre in The Hague, for 30,000 homes and 3,000 businesses.
For customers who have no or very slow internet, a mobile alternative is the fastest and most effective way to gain access to fast broadband, T-Mobile NL said. It will therefore ensure that 4G for Home can be offered even more widely.
A few details were provided for the merged company, from the end of the third quarter:
- 24.5% market share for mobile;·
- 6% market share for fixed;·
- 6226 mast locations;·
- total revenues of EUR 1.12 billion;·
- EBITDA of EUR 339.8 million;·
- 6.13 million mobile customers;·
- 589,000 customers via the fixed network;
- and·2075 employees.
Updates
2 JAN 2019
- added more information about merged company
