| 29th September - T-Mobile Netherlands
concluded negotiations today with France Telecom on the acquisition of Orange
Netherlands. The contract sets a purchase price of EUR 1.33 billion on a debt/cash
free basis. The joining of forces of two of the major Netherlands carriers
is thus complete. The number of T-Mobile customers in Holland now adds up to a
total of 4.8 million (of which 2.8 million customers with T-Mobile and 2.0 million
with Orange Netherlands). This represents about 28% of the market share for the
country. Deutsche Telecom hopes to strengthen its positions on the competitive
Dutch market with the acquisition of the fourth largest mobile communications
operator in the Netherlands. Prior to the purchase, T-mobile was the third biggest
provider nationwide but now it enjoys a significant boost in the race with KPN
and Vodafone Netherlands, which are the other two operators with networks of their
own. The transaction is to be finalized on October 1, 2007 and obviously T-Mobile
will then have to put their backs into integrating the two companies and making
all the necessary steps towards sustainability.
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