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T-Mobile UK and Orange in joint venture

  • Story Highlights
  • Deutsche Telekom and France Telecom want to merge T-Mobile UK and Orange UK
  • Telecom giants hope to seal a 50-50 deal joint venture by the end of October
  • Management would be given 18 months to "develop a new branding strategy"
  • The companies say merging should save around €510 million by 2014
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