Deutsche Telekom buys Orange Netherlands
October 1, 2007
Germany’s Deutsche Telekom has concluded a deal to buy Dutch mobile phone and broadband Internet operator Orange Netherlands from France Telecom for E1.3 billion. Deutsche Telekom said it expects the combination to result in savings of about E1 billion over the next few years. About half of those savings would be generated in the first six years, “in particular from network integration and reduced marketing expenses,” the German company said.