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.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors