Orange/T-Mobile JV completed

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Orange UK and T-Mobile UK have today become a single entity, seven months after parents France Telecom and Deutsche Telekomeir first announced plans to merge UK operations.

Lawyers for the pair closed the deal at a meeting today to set up the new business with Companies House, as Mobile News reported last month.

The UK businesses of the two organisations will now be able to share confidential financial and customer information and begin consolidating the two businesses.

Orange UK and T-Mobile UK now cease to exist as a result. The T-Mobile and Orange brands will be maintained for the time being despite Mobile News’ April Fool spoof that suggested otherwise (‘Orange and T-Mobile will soon ditch their respective brand names’).

Orange UK chief Tom Alexander becomes chief executive of the new company. T-Mobile UK managing director Richard Moat takes the position of chief financial officer and ceputy chief execuitive.

A board of six directors includes Alexander and Moat. Others include Tim Höttges, chief financial officer of Deutsche Telekom, who takes position as non-executive chairman for two years. After this time, the leadership will rotate to Gervais Pellissier, France Telecomdeputy chief executive and chief financial officer, for two years.

Also joining as non-executive directors are Philipp Humm, chief regional officer Europe for Deutsche Telekom, and Olaf Swantee, European executive vice president at France Telecom.

Orange said in a statement: “Further to announcements of September 8, 2009, and to the obtaining of all necessary approvals, Deutsche Telekom and France Telecom today announced the successful completion of the UK merger transaction and the formation of the new Joint Venture. The JV will be accounted for using the equity method as of April 2010 for both Deutsche Telekom and France Telecom.”

 

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