T-Mobile and Orange seal their UK deal

Publié: 6 Novembre 2009
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Deutsche Telekom's T-Mobile UK and France Telecom's Orange signed an agreement to seal the deal to merge their British operations on Thursday 5 November.



Deutsche Telekom's Chief Financial Officer Timotheus Hoettges said "Deutsche Telekom and France Telecom have committed themselves to a long-term partnership with this joint venture contract,".



This joint venture will be the leading mobile phone operator in the UK with 37% market share, pushing current leader, Telefonica's O2 to the second spot with 27% and the local company, Vodafone to an embarassing 3rd place in its home market with only 25%.



The companies hope for full approval of the deal by mid-2010 and have said that they will maintain the same brands - Orange and T-Mobile UK -- for the next 18 months.