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Wireless

T-Mobile, Orange merge UK operations in 50-50 joint venture

Tuesday 8 September 2009 | 08:38 CET | News
Deutsche Telekom and France Telecom have agreed to merge their UK mobile operations in a 50-50 joint venture. The move will create the UK's largest mobile operator, with 28.4 million customers and 37 percent of the market, based on end-2008 figures. The combination is expected to lead to better network coverage, a broader distribution network and a stronger competitive position versus the previous market leaders Vodafone and O2. Synergies from the deal are estimated at over GBP 3.5 billion, with annual operating cost savings of GBP 445 million from 2014. To achieve these synergies, the joint

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Categories: Mobile & Wireless
Companies: 3 UK / Everything Everywhere (Orange UK ) / France Telecom / ikanos / T-Mobile UK
Countries: United Kingdom
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