T-Mobile NL and Tele2 Netherlands to join forces
Deutsche Telekom AG and Tele2 AB today announced that they have reached an agreement under which T-Mobile NL (“T-Mobile”) will acquire Tele2’s Dutch business (“Tele2 NL”) for a combination of cash and shares. The enlarged company will continue to operate as T-Mobile Netherlands and will also use the Tele2 brand in the market.
The transaction will establish a true customer champion. This third converged player in the Dutch market will be able to compete more effectively with the KPN and VodafoneZiggo duopoly due to enhanced scale, combined spectrum resources and significant synergy potential.
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