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france telecom

Deutsche Telekom and France Telecom sign final agreement to combine T-Mobile UK and Orange UK

Deutsche Telekom and France Telecom sign final agreement to combine T-Mobile UK and Orange UK

Deutsche Telekom and France Telecom today signed the final agreement to combine their UK operations, T-Mobile and Orange, into a 50:50 joint venture company.  Now that the confirmatory due diligence has been completed, this binding agreement confirms the terms of the transaction announced on 8 September 2009.  Completion is conditional upon approval by the relevant authorities and remains expected in the first half of 2010 as previously indicated.  The agreement is subject to the approval of the Supervisory Board of Deutsche Telekom and the Board of Directors of France Telecom.

[via Orange Newsroom]

T-mobile Thumbnail image for Deutsche Telekom and France Telecom plan to merge T-Mobile UK and Orange UK to create a new mobile champion

Deutsche Telekom and France Telecom plan to merge T-Mobile UK and Orange UK to create a new mobile champion

Deutsche Telekom and France Telecom today announce that they have entered into exclusive negotiations to combine T-Mobile UK and Orange UK in a new 50:50 joint venture company.
The new joint venture will create the UK’s leading mobile operator. It will have a combined mobile customer base of around 28.4 million, representing approximately 37 percent of [...]

News

TeliaSonera turns down France Telecom’s $42 Billion

The deal that would have been France Telecom’s biggest acquisition since purchasing Orange in 2000 went south today.  France Telecom was prepared to buy out Swedish Telecom company TeliaSonera for $42 billion, but with the Swedish government having a 37% share in the company, somehow the deal flopped.  Insiders tell us that the deal fell [...]