Thursday, September 27, 2007

Deutsche Telekom to Acquire Orange Netherlands for EUR 1.33 Billion

Deutsche Telekom will acquire Orange Netherlands from France Telecom for EUR 1.33 billion. This transaction has been approved by the France Telecom Board of Directors after having obtained a positive advice from the Workers Council of Orange Nederland. The European Commission has already given its approval.

The acquisition strengthens Deutsche Telekom's position in the competitive Dutch market. T‑Mobile Netherlands is the third largest mobile communications provider in the Netherlands (12% market share), with revenues of EUR 1.1 billion in the 2006 financial year. With the acquisition the number of T-Mobile customers in the Netherlands rises by more than 2.1 million to around 4.8 million.

Orange Netherlands also serves a total of over 0.6 million broadband subscribers, ranking it as the number four broadband provider in the Netherlands and the number two ADSL provider in the Netherlands.

See also