Following yesterday’s post that suggested that Vodafone and O2 were leading the race to buy out T-Mobile UK, the latest turn of events has seen French owned Orange in exclusive talks with T-Mobile owners Deutsche Bank, to merge their UK mobile businesses into the biggest mobile provider in the UK.
The talks are expected to continue over the coming weeks and the two companies hope to reach an agreement by the end of October. The 50-50 venture appears as the best option for T-Mobile UK who believe that the offers from Vodafone and O2 of £3.5bn undervalued their business.
Experts are agreed that the cut throat UK market has too many operators, with five licences granted and the merger should benefit the market by effectively reducing that number to four.
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