Thursday, 22 June 2017

BT agrees £12.5bn deal to buy EE

By Total Telecom staff
Thursday 05 February 15

Orange and Deutsche Telekom agree definitive terms on sale of UK mobile unit to create a major converged player.

BT, Orange and Deutsche Telekom said on Thursday they have agreed definitive terms on a deal that will see the former UK incumbent buy 100% of the EE mobile business for £12.5 billion, paving the way for the French and German telecoms giants to exit the UK mobile market and for BT to redefine itself as a provider of converged fixed and mobile services. BT said the consideration for EE will be payable as a combination of cash and new BT ordinary shares issued to both Deutsche Telekom and Orange…

BT, Orange and Deutsche Telekom said on Thursday they have agreed definitive terms on a deal that will see the former UK incumbent buy 100% of the EE mobile business for £12.5 billion, paving the way for the French and German telecoms giants to exit the UK mobile market and for BT to redefine itself as a provider of converged fixed and mobile services. BT said the consideration for EE will be payable as a combination of cash and new BT ordinary shares issued to both Deutsche Telekom and Orange…

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