BT announces plan to purchase EE for £12.5bn!

d123

Reporting on Sky and the BBC

BT is in talks to buy EE for £12.5 billion.

http://www.bbc.co.uk/news/business-30487285

BT in talks to buy EE for £12.5bn
Breaking news
Telecoms giant BT is in exclusive talks to buy EE - Britain's largest mobile network group - for £12.5bn.

It said the period of exclusivity would last "several weeks" to enable it to carry out the necessary negotiations.

"The proposed acquisition would enable BT to accelerate its existing mobility strategy," it said in a statement.

A takeover of EE would create a communications giant covering fixed-line phones, broadband, mobile and TV.

According to Citigroup, EE holds 33.8% of the UK mobile market by revenue.

In November, BT said it was in talks to buy either EE, jointly owned by Deutsche Telekom and Orange, or O2 which is owned by Spanish firm Telefonica.

Marktheshark

That explains why EE appear to have thrown the towel in.

Neil49

More concerned about Orange Wednesday finishing in February.

kingrulzuk

d123 wrote: »

Reporting on Sky and the BBC

BT is in talks to buy EE for £12.5 billion.

http://www.bbc.co.uk/news/business-30487285

O dear :mad: