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MERGER: Deutsche Telekom and France Telecom announce completion of UK merger
Posted by Arne Hess - on Thursday, 01.04.10 - 15:21:23 CET under 01 - General News - Viewed 8507x
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Further to announcements of 8th September 2009, and to the obtaining of all necessary approvals, Deutsche Telekom and France Telecom today announced the successful completion of the UK merger transaction of T-Mobile UK and Orange UK and the formation of the new Joint Venture. Tom Alexander, former CEO of Orange UK is the Chief Executive of the new Joint Venture and Richard Moat, the former CEO of T-Mobile UK is Chief Financial Officer and Deputy CEO. A Board of Directors has also been formed, on which Tom Alexander and Richard Moat will serve as executive directors. Tim Höttges, CFO of Deutsche Telekom, will lead the board as non-executive chairman for two years.

After this time, the leadership will rotate to Gervais Pellissier, Deputy CEO and CFO of France Telecom, for two years. Also joining the six-person Board as non-executive directors are Philipp Humm, Chief Regional Officer Europe for Deutsche Telekom and Olaf Swantee, Executive Vice President Europe at France Telecom.

Cheers ~ Arne


 

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