The controversial Orange-T-Mobile deal finally seems to have arrived at a conclusion with an agreement being signed by parent companies. The news of the merger of the two entities earlier this year raised many eyebrows, and sceptics feared that a new entity with such huge clout will wield immense power and capture the market.

The merger seemed very doubtful at one point of time after new regulations restricting broadband spectrum controlled by one operator were announced by the ministry. This restriction added yet another dimension of problems to the merger that was already bearing the brunt of several protests about unfair advantage to be won by the new merged entity with a significant 37% market share.

Successfully overcoming all these hurdles, parent companies France Telecom and Deutsche Telekom have ironed out final details to arrive at a mutually agreeable 50:50 joint venture deal.

With the necessary formalities being completed, the arrangement has been crystallised. Regulatory authorities are yet to give their final approval to the union, and the deal is expected to come into being early next year.

Gervais Pellissier, deputy CEO of France Telecom, used the merger as an opportunity to reinforce the group’s commitment to quality service, while Timotheus Httges, CFO of Deutsche Telekom, expressed his happiness at the materialisation of a long-term relationship between the two companies.

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This entry was posted on Tuesday, November 24th, 2009 at 11:03 am and is filed under Lots Of Telecommunication Resources, Shoppers Advice, University Of Technology. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.