T-Mobile and Orange in UK merger
T-Mobile and Orange are to merge their UK businesses, creating a mobile phone giant with 28.4 million customers.
The deal between Orange-owner France Telecom and Deutsche Telekom’s T-Mobile UK will see a business with sales of 9.4bn euros (£8.2bn; $13.5bn).
Holding about 37% of the mobile market it will be the UK’s largest provider, overtaking Telefonica’s O2.
It is the second large corporate deal in two days, after Kraft Food’s £10.2bn takeover proposal for Cadbury.
… Continue Reading


