New mobile giant to be set up in Europe

New mobile giant to be set up in Europe
# 08 September 2009 13:08 (UTC +04:00)
Baku. Aynur Veiyeva - APA-Economics. Deutsche Telekom says that it and France Telecom plan to merge their British cell phone units to form what would be the country’s biggest mobile operator.

The German company said Tuesday that the two companies have entered exclusive negotiations on combining Deutsche Telekom’s T-Mobile UK with France Telecom’s Orange UK into a 50-50 joint venture.

Deutsche Telekom says the new company would have a customer base of some 28.4 mobile phone users, or about 37 percent of U.K. mobile subscribers based on December 2008 figures.
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THE OPERATION IS BEING PERFORMED