BT to buy EE for £12 billion

http://www.telegraph.co.uk/finance/newsbysector/medi...

BT has agreed to buy EE from its owners, Deutsche Telekom and Orange, for £12bn.

It is understood that the deal, paid for with a combination of cash and BT stock, will be confimed this evening.

So what? Who care about BT?

BT said that if the deal completes Deutsche Telekom would hold a 12 percent stake in BT and would be entitled to appoint one board member, whereas Orange would hold a 4 percent stake. The French and German companies each owned 50 percent of EE.

So one over priced company with rubbish CS, has been bought by another over piced company with rubbish CS, should be a seamless merger.

I think EE have a white-label deal with BT who provide the CS already

I feel Ofcom may be reluctant to allow BT to be the most dominant mobile provider as well as the most dominant fixed-line provider. It will be an interesting one. I think BT buying O2 would have been an easier "sell" to the regulator.

In reply to a post by adslmax:

So what? Who care about BT?

Given your ISP is owned by them, and your land line and broadband use their infrastructure you may wish to start caring.

Seems BT no longer wants to be in the background and now wants to be a big player in the communications game.

If BT buy EE then it wouldn't surprise me if Sky snapped up the rest of O2... or maybe Virgin might buy someone!!

Either way it doesn't matter as all companies are just as bad as each other, some are just a little bit less bad.

In reply to a post by mlmclaren:

If BT buy EE then it wouldn't surprise me if Sky snapped up the rest of O2... or maybe Virgin might buy someone!!

Virgin can't buy anyone they were recently bought themselves. They are going to be a takeover target.