Orange bid to buy T-Mobile rejected
In the latest chapter in the rumoured T-Mobile UK sell-off, one UK newspaper is reporting that Orange attempted to takeover the struggling division – only to be rebuffed by parent company Deutsche Telekom.
The proposed deal – reported by The Guardian to have been made in the past few months, would have created the UK’s largest mobile operator with around 40% of the market. Only a month ago analysts from JP Morgan told the Financial Times such a deal would be ‘a possibility‘.
The news comes a day before T-Mobile welcomes its new UK Managing Director. Richard Moat – most recently CEO of Orange Romania and previously CEO at Orange Denmark and Orange Thailand – was announced as the new boss a few weeks ago.
Trackbacks/Pingbacks.
[...] for T-Mobile. Previous rumours of interest by Orange were vehemently denied a few weeks ago after a reported rebuffal by Deutsche Telekom, plus there’s still the distinct possibility of a [...]
[...] for T-Mobile. Previous rumours of interest by Orange were vehemently denied a few weeks ago after a reported rebuffal by Deutsche Telekom, plus there’s still the distinct possibility of a [...]