BT Group in Exclusive Talks to Buy EE LONDON--
Post# of 17650
Posted On: 12/15/2014 2:22:10 PM
BT Group in Exclusive Talks to Buy EE
LONDON-- BT Group PLC said it has entered exclusive talks to buy U.K. mobile operator EE for GBP12.5 billion ($19.6 billion) in cash and stock from Germany's Deutsche Telekom and France's Orange SA.
The period of exclusivity will last several weeks, BT said in a statement.
If a deal is reached, BT said Deutsche Telekom would end up with a 12% stake in BT and Orange would hold a 4% stake in BT.
LONDON-- BT Group PLC said it has entered exclusive talks to buy U.K. mobile operator EE for GBP12.5 billion ($19.6 billion) in cash and stock from Germany's Deutsche Telekom and France's Orange SA.
The period of exclusivity will last several weeks, BT said in a statement.
If a deal is reached, BT said Deutsche Telekom would end up with a 12% stake in BT and Orange would hold a 4% stake in BT.
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