Monday, 25 September 2017

BT in exclusive talks to acquire EE for £12.5bn

By Nick Wood, Total Telecom
Monday 15 December 14

Proposed deal would see Deutsche Telekom take 12% stake in U.K. incumbent, while Orange would hold 4%.

BT on Monday announced it has entered exclusive talks to acquire EE in a cash and stock deal worth £12.5 billion, dealing a blow to O2 UK parent Telefonica. The proposed transaction will see EE parents Deutsche Telekom and Orange acquire stakes in BT of 12% and 4% respectively. Orange will receive a higher proportion of cash to maintain an equal split of the net proceeds from the sale…

BT on Monday announced it has entered exclusive talks to acquire EE in a cash and stock deal worth £12.5 billion, dealing a blow to O2 UK parent Telefonica. The proposed transaction will see EE parents Deutsche Telekom and Orange acquire stakes in BT of 12% and 4% respectively. Orange will receive a higher proportion of cash to maintain an equal split of the net proceeds from the sale…

Please login or register to view this content

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry