Fone Forum
March 29, 2024, 04:16:27 PM *
Welcome, Guest. Please login or register.
Did you miss your activation email?

Login with username, password and session length
News: Fone Forum is pleased to welcome its valued guests and members.  We hope you will all enjoy your time with us, and find us a happy community of shared interests - who pool our knowledge, so that we can all come away better informed.  Wink  Cheesy  Grin
 
   Home   Help Search Login Register  
Pages: [1]   Go Down
  Print  
Author Topic: T-Mobile and Orange confirm merger  (Read 3210 times)
0 Members and 1 Guest are viewing this topic.
mobaholic
Administrator
Hero Member
*****
Offline Offline

Posts: 3117



WWW
« on: November 12, 2009, 04:43:19 PM »


Joint venture will have 37 per cent of the UK mobile market

T-Mobile and Orange have finally signed the agreement that will turn them into a 50:50 joint company, dominating the UK mobile market with a share of 37 per cent.

Parent companies Deutsche Telekom and France Telecom said today that they will combine their UK operations, after months of wrangling.

"This joint venture is based on the full commitment of Deutsche Telekom and France Telecom to a long-term partnership," said Timotheus Hoettges, chief financial officer at Deutsche Telekom.

"The negotiations were conducted in a fair way on both sides, and I am certain that this spirit of professionalism and partnership will shape the future of our joint venture.  It will set new standards as the number one in the UK mobile market."

Gervais Pellissier, deputy chief executive at France Telecom in charge of group finance and information systems, added: "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."

Completion of the deal is dependent on regulatory approval, but is expected to happen in the first half of next year.

UK regulators have said that they may stop the deal, after fears that the combined entity will have an unfair advantage in the UK marketplace.

Source:-   V3.co.uk.

Logged

Valued guests are cordially invited to join.  Registration is quick & easy, & only needs an email address.  You can then benefit from contributing to our forum, & being able to use our PM system.

If you do not do so, but wish to make contact, you may email:-  theadminteam.foneforum@gmail.com
Pages: [1]   Go Up
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.21 | SMF © 2015, Simple Machines Valid XHTML 1.0! Valid CSS!
Page created in 0.029 seconds with 18 queries.