Following a day of hectic rumours, Deutsche Telekom and France Telecom have confirmed that they ARE planning to merge T-Mobile UK and Orange UK.
The new operator will have a combined mobile customer base of around 28.4 million, accounting for 37% of UK mobile users.
The merged entity will be a 50:50 joint venture between the two parent companies, who are promising expanded network coverage, a larger network of own-branded shops, and more investment in "innovative new services".
However, they're also promising more than £3.5 billion of "synergies" across network and IT, distribution and marketing, and other cost savings. What that means in terms of job losses remains to be seen.
Orange UK CEO Tom Alexander will be CEO of the new operator, while T-Mobile UK CEO Richard Moat will take up a role as COO.
To read the full story, head over to our sister site ME.
Advertisement
Related Stories
- T-Mobile unveils Full Monty unlimited plans Jan 31st 2012 at 4:57AM
- Huawei in Everything Everywhere network win May 9th 2011 at 10:22PM
- Are the PC and music recording industries converging? Apr 14th 2011 at 11:56AM
- Virgin Media confirmed UKs fastest broadband provider Feb 7th 2011 at 10:41AM
- T-Mobile G-Slate details emerge Feb 2nd 2011 at 5:23AM
- T-Mobile U-turn on data slash move Jan 14th 2011 at 5:11AM
- T-Mobile slashes UK smartphone data allowance to 500MB Jan 12th 2011 at 4:58AM
- US networks announce 4G Android tablets Jan 6th 2011 at 3:04AM
- Orange and T-Mobile to offer iPad 'as low as ?200' Nov 23rd 2010 at 5:16AM
Follow Follow this article if you would like to receive notifications of updates.
Add a new comment
You need to be logged in to post comments. If you do not have an account then please register.
Comments
0 comments
There are no comments yet, be the first to add one!