DT, Orange put plans for EE flotation on hold

17 Jan 2014

European telecoms heavyweights Deutsche Telekom (DT) and France’s Orange Group have put plans to float their UK joint venture EE on hold, after concluding that its value would rise in the future as more people adopt higher-margin 4G mobile data packages, the Financial Times reports, citing people with knowledge of the decision. ‘The shareholders have both agreed that the best option for value creation is to maintain the current ownership structure [of EE] for the time being, and they look forward to continuing their co-operation in the UK market,’ the two companies said in a statement. Last week EE, which was created in mid-2010 from the merger of DT’s T-Mobile UK and France’s Orange UK, announced that the number of customers signed up to its 4G LTE services had surpassed two million, doubling the company’s target of one million 4G subscribers by end-2013.

United Kingdom, Deutsche Telekom (DT), EE, Orange Group