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December 15, 2014

BT in high level talks to acquire EE for £12.5 billion

BTTelecom giant BT (British Telecom) has confirmed it has entered into exclusive talks with EE which could lead to BT acquiring the wireless carrier EE for about £12.5 billion. If this deal goes through BT would regain a mobile service, which it did have about twelve years ago before selling BT cellnet in 2002 now O2.

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Part of  BT statement: 

Full statement below in press release.

The proposed acquisition would enable BT to accelerate its existing mobility strategy whereby customers will benefit from innovative, seamless services that combine the power of fibre broadband, wi-fi and 4G. BT would own the UK’s most advanced 4G network, giving it greater control in terms of future investment and product innovation.

If BT do acquire EE this does not mean that any deal with O2 would be dead. BT have said the O2 talks are on the back burner for now, the EE deal is far from final BT says, it will spend “several weeks” to complete its due diligence and talks with Deutsche Telekom and Orange.

Show Press Release

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Dave Thornton

Senior Editor

Senior Editor
Been involved in technology for many years, more than I care to remember. Live in Dundee, Scotland. I like Android, Windows Phone OS, BlackBerry OS and iOS, and love writing about all things techie. Currently have a Honor 6+, Elephone P6000, Nexus 5, Chrombook C720, HTC One M7, Nokia Lumina 625, Microsoft Lumia 435, Blackberry Q10, HTC Hero and iPad mini