Printed from http://www.electronista.com

Orange, T-Mobile to team up on European networks

updated 05:45 pm EDT, Fri April 15, 2011

Orange, T-Mobile to save nearly $1b in Euro deal

Two major European telecommunications providers, T-Mobile's owner Deutsche Telekom and Orange's parent France Telecom, will share network gear in order to save on operating costs, sources told Reuters. The savings is expected to add up to 650 million euros (about $939 million) by 2015 with the shared hardware located in Poland, Austria, and Romania. While neither of the two providers have officially commented on this agreement, they are expected to do so at a joint press conference in London on Monday.

Unnamed sources said the project, dubbed Victory internally, will also include purchasing new network equipment and sharing the phone mix. How much money would be saved from this joint purchasing scheme isn't known.

The split in the known savings would break down to 200 million euros (nearly $289 million) of operating costs and 450 million euros (close to $650 million) between the deal's start and 2015.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Samsung Galaxy S6 Edge

The Samsung Galaxy S6 range is a critical component in Samsung's flagging smartphone strategy. With sales of its high-end smartphones ...

Notti smart lamp from Witti

Perhaps you've already seen our review of the Dotti LED display from Witti Design. Meet Notti, Dotti's "sibling". Notti is a softball ...

Seagate Personal Cloud (2-Bay)

When it comes to backing up files, many users are now looking to the myriad of cloud storage solutions available. There is no doubt th ...

Advertisement

toggle

Most Commented

 
toggle

Popular News