Orange and T-Mobile UK to merge

1149293_cartoon_cellphoneThe UK’s biggest mobile phone provider is about to be formed, with Orange and T-Mobile UK due to announce their plans to merge.

This comes after T-Mobile UK have been locked in talks since July, with the UK’s three biggest mobile phone carriers; O2, Vodafone and Orange.

The new company will have around 38% of the UK phone market’s overall revenues and annual sales of around £8.2bn ($13.5bn.)

Although this deal will be scrutinised by the Office of Fair Trading, the UK has 5 different mobile phone providers and such a merger would be unlikely to be blocked.

O2 is currently the UK’s largest mobile phone company, with around 37% market share.

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