News

BT Confirmed to be in Talks to Buy EE

Just a few days after we reported on the news that BT is in talks to purchase O2, it’s now been confirmed that they’re also interested in Everything Everywhere – EE.

Deutsche Telekom and Orange, the two owners of EE, say that they are in the early “exploratory” stages of acquisition talks.

“Deutsche Telekom AG and Orange SA are having  highly preliminary exploratory discussions with British Telecom,  although it is too early to state whether any transaction may occur.  Deutsche Telekom and Orange will make further announcements if and when appropriate.”

This wave of acquisition talks from BT has come as no surprise. BT’s main source of income, landlines, has obviously been in decline with the rise of mobile devices and communication. That’s why many are seeing this as BT’s way of staying relevant in this new mobile world.

Source: The Next Web

 

Ryan Simmons

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