Two mobile network providers, T-Mobile and Orange have decided to merge together to create one huge “super giant”. A deal that will cost between $655 and $983 million, this is nothing small. This super giant will have approximately 28.4 million customers.
The deal is due to be signed in November. This is due to poor financial performance from T-Mobile and a huge lack of sales from Orange. Over a certain period of time however they expect to save approximately 5.7 billion dollars. These savings could be reflected in their combined number of employees. T-Mobile with 6500 and Orange with a huge 12,500 however a spokeswoman for them said that it was way to early to start talking about the workforce.Branding will however stay the same for 18 months after the deal has been completed. Chief executive of Orange will lead the company while T-Mobile’s UK boss will become CEO.
The new super giant will be taking over O2 in the mobile market as they will be holding 37% on their own which is kind of bad news because surely they have the power to influence the price and availability of mobile phone contracts. Orange and T-Mobile promise better network coverage, better network quality and of course a better customer service.
Good luck T’Orange.
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