Categories
Close
Menu
Menu
Close
Search
Search

Featured Articles

[EasyDNNnews:IfNotExists:Image]
News

BT enters exclusive negotiations with Deutsche Telekom and Orange about buying EE

[EasyDNNnews:EndIf:Image]
Mark

Share:

Print

Rate article:

No rating
Rate this article:
No rating

BT Group plc says it’s entered into an exclusivity agreement with Deutsche Telekom and Orange, allowing it to negotiate a possible acquisition of EE’s UK mobile business. It originally responded to press speculation with a statement last month.

Although the agreement has ended BT’s discussions with Telefonica about O2 UK, it doesn’t mean that a BT/EE merger will definitely take place.

BT says the current form of the deal would include it buying EE for £12.5 billion in a combination of cash and BT shares. This would result in Deutsche Telekom holding a 12% stake in BT and appointing a board director, while Orange would hold a 4% stake in BT.

Thomas Dannenfeldt, Chairman of EE’s Board of Directors and Chief Financial Officer of Deutsche Telekom, said “We firmly believe that convergence is the future of telecommunications in Europe. Customers want fixed-mobile converged services from a single provider. The proposed transaction with BT offers the chance to further develop our superbly positioned mobile business engagement in the UK and to take part in the outstanding opportunities of an integrated business model.”

Comments

Collapse Expand Comments (0)
You don't have permission to post comments.

Opinion Articles

ExclusiveShow-starters at ShowStoppers

Mark Bridge writes:

“Hot products. Cool companies. Meet the press.”

That was the tagline for ShowStoppers, a showcase event that took place last night before today’s opening of Mobile World Congress. As you probably heard in today’s podcast, I went along and met a few of the participants.

ExclusiveThe PlayStation mobile has arrived... among others

Xperia Play

Xperia Play

James Rosewell writes:

Tonight Sony Ericsson announced an impressive four new Xperia handsets based on the Android 2.3 Gingerbread operating system and the Bravia graphics engine more commonly found in TVs. I got hands-on with the much anticipated Play, and its 3 siblings Neo, Pro and Arc. Here's what I thought.

ExclusiveNokia - a burning platform or a red-hot hoax?

Mark Bridge writes:

On Friday morning, Nokia is hosting a Strategy and Financial Briefing in London. And on Sunday evening, it’s holding a press briefing in Barcelona. CEO Stephen Elop is expected to make some significant changes to the company - but what will he say?

RSS
First8182838486888990Last

Recent Podcasts

ExclusivePodcast from Mobile World Congress 2015

Mark Bridge learns about the mobile technology trends at Mobile World Congress 2015 by chatting to James Rosewell of 51Degrees, Dr Kevin Curran from the IEEE and Chris Millington of Doro.

They talk about wearable devices, wireless charging, mobile operating systems and much more... including some of their favourite products from the exhibition.

ExclusiveLooking back at February: from security scares to multiple MVNOs

We're taking a look back at the biggest mobile industry news stories from February 2015, including allegations that the UK's security service tried to breach SIM card security by hacking into one of the world's biggest SIM producers.

We also talk about the planned BT and EE merger, the creation of two new UK virtual networks, some acquisitions in the mobile payment arena and a new Ubuntu smartphone.

ExclusiveA month of mobile: O2 counts on 3, Microsoft counts to 10 and Apple counts its profits

We're back with a month of mobile industry news, including takeover talks and takeover rumours. O2 and Three are said to be discussing a merger... but is there any truth in the suggestions that BlackBerry could be up for grabs?

We also discuss Apple's record-breaking quarterly figures, the highlights of CES and the launch of Microsoft Windows 10, as well as saying farewell to the current version of Google Glass.

RSS
12345678910Last

Follow thefonecast.com

Archive Calendar

«June 2026»
MonTueWedThuFriSatSun
25262728293031
1234567
891011121314
15161718192021
22232425262728
293012345

Archive