News

BT in Exclusive Talks to Buy EE

BT have entered into exclusive talks to buy EE for £12.5 billion. The period of exclusivity will lasts “several weeks”, according to BT, to ensure enough time to negotiate a satisfactory deal.

Back in November, BT was linked with the purchase of either EE or Telefonica-owned O2. EE is the largest mobile network in the UK, with a 33.8% market share, according to Citigroup. As part of the proposed deal, EE’s owners, Deutsche Telecom and Orange, would take a 12% and 4% stake in BT, respectively. With its 12% stake, Deutsche Telecom would be entitled to appoint a member to BT’s board. BT issued a statement regarding the potential purchase, saying, “The proposed acquisition would enable BT to accelerate its existing mobility strategy.”

Source: BBC

Ashley Allen

Disqus Comments Loading...

Recent Posts

Bethesda Workers Unionize, Marking a First for Microsoft Game Studios

Bethesda Game Studios has become the first Microsoft video game studio to fully unionize. This…

4 hours ago

Lenovo Legion Y25-30 25 Inch Gaming Monitor

Comes with a 24.5-inch FHD In-Plane Switching (IPS) panel (1920 x 1080) screen a 280…

9 hours ago

RGB Honeycomb Lightweight Gaming Mouse

HONEYCOMB LIGHTWEIGHT MOUSE: Honeycomb hollow design, mouse weight is only 69g, the professional design greatly…

9 hours ago

Razer Kraken Kitty V2

Kitty Ears to express your style. Topped with a pair of unique kitty ears, stand…

9 hours ago

Razer Kaira X – Wired Headset

Razer TriForce 50mm Drivers For High-end Audio Performance: The Razer Kaira X features cutting-edge drivers…

9 hours ago

NETGEAR Wireless Access Point

Connect wired Ethernet to the 2.5G port for maximum speed Simplified deployment with PoE+, or…

9 hours ago