Posted on Sunday, September 30, 2007 11:41 AM
Deutsche Telekom AG's Group company, T-Mobile Netherlands, has concluded a contract with France Télécom for the acquisition of the Dutch telecommunications provider, Orange Netherlands. The parties agreed on a purchase price of about EUR 1.3 billion on a debt/ cash free basis. The Works Council of Orange Netherlands was informed and involved in this process in accordance with Dutch law. The European Commission has already approved the acquisition of Orange Netherlands by Deutsche Telekom AG. Deutsche Telekom AG expects the deal to be closed on October 1, 2007.
Deutsche Telekom AG is systematically implementing its ‘focus, fix and growth’ strategy and strengthening its position in the Dutch market.
Number of T-Mobile customers in the Netherlands rises by more than 2.1 million to around 4.8 million at present
Purchase price of about EUR 1.3 billion on a debt/cash free basis
Total NPV of synergies after restructuring costs approximately EUR 1.0 billion
Source: telekom.com