Orange and T-Mobile merger finalised
A deal between two of Europe’s largest telecoms players - Orange and T-Mobile - has led to the creation of the UK’s biggest mobile company.
It may have divided opinion in the telecoms industry but the merger between T-Mobile and Orange has been officially completed.
The two companies, owned by Deutsche Telekom and France Telecom respectively, got the go ahead from the EU at the start of March but only finalised the whole deal at the end of last week.
The 50:50 joint venture will see the companies leapfrog their competitors to have a leading market share of 37 per cent with more than 28 million customers.
Tom Alexander, chief executive of Orange UK, will take the helm at the new company with T-Mobile's chief executive, Richard Moat, taking on the role of chief financial officer and deputy chief executive.
A deal has also been reached to rotate the chair of the board of directors after two years, starting with Tim Httges, chief financial officer of Deutsche Telekom, followed by Gervais Pellissier, Deputy chief executive and chief financial officer of France Telecom.
Last year saw much speculation about the future T-Mobile, with every UK mobile company's name being thrown in the hat for a buyout and even suggestions the firm might go bust.
Get the ITPro. daily newsletter
Receive our latest news, industry updates, featured resources and more. Sign up today to receive our FREE report on AI cyber crime & security - newly updated for 2024.
Jennifer Scott is a former freelance journalist and currently political reporter for Sky News. She has a varied writing history, having started her career at Dennis Publishing, working in various roles across its business technology titles, including ITPro. Jennifer has specialised in a number of areas over the years and has produced a wealth of content for ITPro, focusing largely on data storage, networking, cloud computing, and telecommunications.
Most recently Jennifer has turned her skills to the political sphere and broadcast journalism, where she has worked for the BBC as a political reporter, before moving to Sky News.