Deutsche Telekom and France Telecom Complete UK Merger

Without much fanfare, Deutsche Telekom and France Telecom announced the successful completion of the UK merger transaction and the formation of the companies' new Joint Venture last week.

Tom Alexander, former CEO of Orange UK, is the Chief Executive of the new Joint Venture, and Richard Moat, the former CEO of T-Mobile UK, is Chief Financial Officer and Deputy CEO. A Board of Directors has also been formed, on which Tom Alexander and Richard Moat will serve as Executive Directors. Tim Httges, CFO of Deutsche Telekom, will lead the board as Non-executive Chairman for two years. After this time, the leadership will rotate to Gervais Pellissier, Deputy CEO and CFO of France Telecom, for two years.

Also joining the six-person Board as Non-executive directors are Philipp Humm, Chief Regional Officer Europe for Deutsche Telekom, and Olaf Swantee, Executive Vice President Europe at France Telecom.