T-Mobile to buy Orange

Link: EU Clears T-Mobile Netherlands To Buy Orange Netherlands

.. in Holland at least. Deep breaths now, especially if you read the headline on an RSS reader 🙂

 The European Commission Monday cleared Dutch mobile phone operator T-Mobile Netherlands Holding to aquire Orange Netherlands.

The commission found that the proposed merger would “not threaten competition on the mobile retail market,” as other operators such as KPN and Vodafone Group, as well as mobile virtual network operators, would continue to compete with the new company.

Following the merger, T-Mobile will become the second-largest operator in terms of subscribers and the third-largest operator in terms of revenue. KPN remains the market leader in both revenues and subscribers, whereas the new entity will be of a similar strength to Vodafone, the commission said.