It’s been nearly a decade, but BT is officially returning to mobile . After months of talks, the landline and broadband giant has confirmed it will pay £12.5 billion to acquire EE, the UK’s biggest operator. In an announcement, the telecoms giant says that with EE under its wing, the company will provide customers with “innovative, seamless services that combine the power of fibre broadband with wi-fi and advanced mobile capabilities, ” targeting EE customers that don’t already use its broadband services and delivering 4G connectivity to BT customers for the first time. This is a developing story, please fresh for updates . As part of the deal, EE’s original owners, Deutsche Telekom and Orange, will gain shares of BT. Deutsche Telekom will own a 12 percent stake of the company, while Orange will grab 4 percent. That is, of course, after the deal closes, which BT thinks will complete by the end of the year — if it can navigate the choppy regulatory waters that is the UK Competition and Markets Authority and communications Ofcom. Filed under: Wireless , Mobile Comments Source: BT
Read More:
BT confirms it’s bought EE for £12.5 billion
