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Orange news

Broadband provider Orange has failed in a takeover bid for rival T-Mobile's UK subsidiary, it has been reported.

Orange, which is the British arm of France Telecom, is understood to have been turned down by T-Mobile's parent firm Deutsche Telekom, according to the Guardian.

The paper claims that fellow broadband provider Vodafone also tried to exchange its Turkish operation for T-Mobile UK, which Deutsche Telekom could see as strategically advantageous due to its ownership of Greece's OTE.

Both of the proposed acquisitions have come to the public's attention on the back of T-Mobile UK appointing new head Richard Moat, who could launch a major restructuring of the telecoms firm.

In May, Deutsche Telekom wrote down the value of T-Mobile UK to £3.3 billion, which did little to quell acquisition rumours.

At the end of the first quarter of 2009, the group had approximately 17 million broadband customers across Europe.

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