Friday, 22 June 2018

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…

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