BT in talks to buy EE for £12.5bn

Tuesday, December 23, 2014 at 1pm

Telecoms giant BT is in exclusive talks to buy EE - Britain's largest mobile network group - for £12.5bn. It said the period of exclusivity would last "several weeks" to enable it to carry out the necessary negotiations. In late November, BT said it was in talks to buy either EE or O2, which is owned by Spanish firm Telefonica. "The proposed acquisition would enable BT to accelerate its existing mobility strategy," BT said in a statement.

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Note: Article has been sourced externally, and links directly to the original publication. Posted on: 17 December 2014

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