T-Mobile UK and Orange to merge

UK mobile phone giants T-Mobile UK and Orange are to merge, their parent companies have said.
The deal between Orange owner France Telecom and Deutsch Telekom's T-Mobile UK will create a firm with revenues of almost 10bn euros, the firms said.
The merged firm would have about 37% of the UK mobile market - overtaking the current leader, Telefonica's O2.
It is the second large corporate deal in two days after a Kraft Food's £10.2bn takeover proposal for Cadbury.