From The BBC:
T-Mobile and Orange plan to merge their UK businesses, creating a mobile phone giant with 28.4 million customers.If completed, a deal between Deutsche Telekom’s T-Mobile and Orange owner France Telecom would see a firm with sales of 9.4bn euros (£8.2bn; $13.5bn). Holding about 37% of the mobile market it would be the UK’s largest provider, overtaking Telefonica’s O2. It is the second large corporate action in two days, after Kraft Food’s £10.2bn takeover proposal for Cadbury. Orange and T-Mobile said their deal – due to be signed by November – would “bring substantial benefits to UK customers”, and promised expanded network coverage, better network quality and improved customer services. However it is likely that competition authorities in the UK and EU will probe the deal. ‘Efficiencies’Both brands would remain separate for the first 18 months after the deal was completed while branding options were reviewed.
This deal – if it goes ahead – will shake up the UK mobile mark…
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