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Thursday, October 23, 2014

UK telecoms market poised for more converged services, says EE director, (NYSE: ORAN)

EE, Britain's largest mobile network operator, is braced for the increasing convergence of mobile and fixed-line services in the UK market next year and the pace of consolidation is likely to pick up, Gervais Pellissier, a lead director of EE, said on Thursday.EE, formerly known as Everything Everywhere, is a joint venture of Deutsche Telekom and France's Orange SA , who in January this year stalled plans to list the UK company.Operators offering a so-called multi-play package of mobile voice and data and fixed-line services including broadband, television and voice calls, is already mainstream in countries such as France and Spain."EE is positioning the different pieces to be a convergent operator, without, today, taking the next step, which is to do more by looking at potential combinations with fixed players," Pellissier said.

Orange SA, formerly France Telecom SA, is a France-based company that is engaged, principally, in the provision of integrated telecommunications services. Shares of ORAN traded higher by 5.79% or $0.79/share to $14.43. In the past year, the shares have traded as low as $11.65 and as high as $17.43. On average, 557185 shares of ORAN exchange hands on a given day and today's volume is recorded at 352387.