Orange and T-Mobile UK to combine their work to create the largest British mobile carrier, their parent company said Tuesday.

It is not yet unnamed joint venture will have a combined customer base of about 28.4 million, or 37 percent of the market, for the transaction to be completed in November. Orange chief executive Tom Alexander is the executive director of the new company, with T-Mobile UK CEO Richard Moat as chief operating officer.

The company said the merger will cost between 400 million and 600 million pounds ($ 655 million and $ 983 million). It is expected to provide savings of about half a billion pounds a year by 2014, by removing duplicate base stations and retail outlets, as well as other operational staff efficiency and customer service.

Timothy Höttges, Chief Financial Officer of the parent company of T-Mobile UK’s, Deutsche Telekom, said in a statement: “We will [] the market leader - our customers will benefit in many ways, for example, the best mobile broadband proposal in the United Kingdom.

“In the second-largest market in Europe, which is undoubtedly one of the toughest and most competitive, we give T-Mobile UK a clear and strong future.”

The deal will include T-Mobile UK’s 50 percent holding in its 3G network joint venture with Hutchison. It is not known how or if the deal will affect the state of Virgin Mobile, which operates networks T-Mobile.

Deutsche Telekom lost 600 million euros ($ 860 million) in the first half of 2009, compared to 1.3 billion euro profit for the same period last year, with T-Mobile UK Department of write-off 1.8 billion euros, and loss of 100,000 customers. Period saw the benefits in other European German mobile phone company.

Orange UK said its first half sales declined from 2.6 percent last year, 2.54 billion euros. Parent company Orange is France Telecom.

The deal will need approval by shareholders of both companies and will have to be approved by the British and European regulators. UK mobile communications market is widely seen as highly competitive, and is not expected regulatory problems.

Orange and T-Mobile UK to combine their work to create the largest British mobile carrier, their parent company said Tuesday.

It is not yet unnamed joint venture will have a combined customer base of about 28.4 million, or 37 percent of the market, for the transaction to be completed in November. Orange chief executive Tom Alexander is the executive director of the new company, with T-Mobile UK CEO Richard Moat as chief operating officer.

The company said the merger will cost between 400 million and 600 million pounds ($ 655 million and $ 983 million). It is expected to provide savings of about half a billion pounds a year by 2014, by removing duplicate base stations and retail outlets, as well as other operational staff efficiency and customer service.

Timothy Höttges, Chief Financial Officer of the parent company of T-Mobile UK’s, Deutsche Telekom, said in a statement: “We will [] the market leader - our customers will benefit in many ways, for example, the best mobile broadband proposal in the United Kingdom.

“In the second-largest market in Europe, which is undoubtedly one of the toughest and most competitive, we give T-Mobile UK a clear and strong future.”

The deal will include T-Mobile UK’s 50 percent holding in its 3G network joint venture with Hutchison. It is not known how or if the deal will affect the state of Virgin Mobile, which operates networks T-Mobile.

Deutsche Telekom lost 600 million euros ($ 860 million) in the first half of 2009, compared to 1.3 billion euro profit for the same period last year, with T-Mobile UK Department of write-off 1.8 billion euros, and loss of 100,000 customers. Period saw the benefits in other European German mobile phone company.

Orange UK said its first half sales declined from 2.6 percent last year, 2.54 billion euros. Parent company Orange is France Telecom.

The deal will need approval by shareholders of both companies and will have to be approved by the British and European regulators. UK mobile communications market is widely seen as highly competitive, and is not expected regulatory problems. aOrange and T-Mobile UK to combine their work to create the largest British mobile carrier, their parent company said Tuesday.

It is not yet unnamed joint venture will have a combined customer base of about 28.4 million, or 37 percent of the market, for the transaction to be completed in November. Orange chief executive Tom Alexander is the executive director of the new company, with T-Mobile UK CEO Richard Moat as chief operating officer.

The company said the merger will cost between 400 million and 600 million pounds ($ 655 million and $ 983 million). It is expected to provide savings of about half a billion pounds a year by 2014, by removing duplicate base stations and retail outlets, as well as other operational staff efficiency and customer service.

Timothy Höttges, Chief Financial Officer of the parent company of T-Mobile UK’s, Deutsche Telekom, said in a statement: “We will [] the market leader - our customers will benefit in many ways, for example, the best mobile broadband proposal in the United Kingdom.

“In the second-largest market in Europe, which is undoubtedly one of the toughest and most competitive, we give T-Mobile UK a clear and strong future.”

The deal will include T-Mobile UK’s 50 percent holding in its 3G network joint venture with Hutchison. It is not known how or if the deal will affect the state of Virgin Mobile, which operates networks T-Mobile.

Deutsche Telekom lost 600 million euros ($ 860 million) in the first half of 2009, compared to 1.3 billion euro profit for the same period last year, with T-Mobile UK Department of write-off 1.8 billion euros, and loss of 100,000 customers. Period saw the benefits in other European German mobile phone company.

Orange UK said its first half sales declined from 2.6 percent last year, 2.54 billion euros. Parent company Orange is France Telecom.

The deal will need approval by shareholders of both companies and will have to be approved by the British and European regulators. UK mobile communications market is widely seen as highly competitive, and is not expected regulatory problems.