7 Jun 2007
France Télécom (FT) has agreed to sell its Dutch mobile unit Orange Netherlands to Germany’s Deutsche Telekom (DT), writes Reuters citing a statement from the German firm. It is understood that DT will pay around EUR1.3 billion (USD1.76 billion) for the Orange-controlled mobile operator, although FT must consult with workers’ councils in the Netherlands prior to a formal deal being announced.
In a related story, the French telecoms giant has agreed to buy Spanish internet provider T-Online Spain (formely Ya.com) for around EUR320 million from DT, after the German incumbent put the unit up for sale in March this year. The acquisition elevates FT’s Orange unit to the No. 2 position in the Spanish market with over a million ADSL customers and a market share of around 18%.