T-Mobile buy Orange Holland for €1.3bn

Link: Deutsche Telekom buys Orange Netherlands for €1.3 billion – International Herald Tribune

As reported here a couple of weeks ago, T-Mobile parent company Deutsche Telekom have concluded a deal to buy the Dutch operations and network of Orange for €1.3 billion (about $1.8 billion, or £900m).

According to reports, Deutsche Telekom expects the takeover to result in savings of about €1 billion over the next few years – mainly down to network integration and reduced marketing expenses. The European Commission say that the merger will make T-Mobile the second larged operator in terms of subscribers and third largest in terms of revenue in the Dutch market.