BT set for a year of scrutiny on £12.5bn EE deal February 5, 2015 BT has sealed its deal to buy mobile operator EE in a whopping £12.5bn transaction. The British telecoms giant said the deal will likely face a year of investigation by the UK’s merger and regulatory authorities completing sometime next year. The transaction will combine BT’s more than 10m retail customers and EE’s 24.5m mobile [...]
BT share price soars after agreeing deal to buy mobile network EE for £12.5bn February 5, 2015 BT's share price soared today after it agreed terms to buy mobile phone network EE for £12.5bn. The deal, which will give BT access to EE’s 31m customers and the largest 4G network in Europe, will be paid in a combination of cash and ordinary BT shares, issued to both Deutsche Telekom (DT) and Orange. The transfer [...]
Ofcom refuses Virgin Media’s request to delay Premier League rights broadcast auction February 4, 2015 Ofcom has refused a request made by Virgin Media to delay the auction of Premier League broadcast rights. The high-stakes bidding for the rights to broadcast the UK’s biggest football games will now continue as usual and is expected next week. Virgin Media is not making a bid for the rights, but the auction is [...]
BT Sport website and app go down as Manchester United, Fulham and Sheffield United play FA Cup games February 3, 2015 BT has suffered an outage of its website and app leaving BT Sport customers unable to watch three fourth-round FA Cup replay matches. Football fans planning to watch the live games on computers through BT Sport’s online player or via mobile on the BT Sport app have been unable to watch the action, including League [...]
BT’s pension deficit hits £7bn while profits rise from TV, broadband and sport customers January 30, 2015 The figures In its third quarter results, BT revealed revenue slipped two per cent to £13.2bn in the nine months to 31 December, while adjusted pre-tax profit leaped 11 per cent to £2.1bn. BT's consumer division, including TV, broadband and those all-important BT Sport customers, increased pre-tax profit by 43 per cent to £251m. Its business division also grew [...]
11 of the world’s 100 most sustainable companies are in the UK: Marks & Spencer, BT, and the London Stock Exchange January 22, 2015 The UK is home to 11 of the world's 100 most sustainable companies with Marks & Spencer, BT, and the London Stock Exchange all making it into the prestigious ranking. The other UK-based companies listed were Reckitt Benckiser, Centrica, Unilever, British Land, Sky, Pearson, BG Group and Electrocomponents. Each year media company Corporate Knights produces the ranking which measures companies' sustainability in terms [...]
BT Sport to treat US sports fans to 5,000 hours of ESPN content January 22, 2015 Team spirit is alive at BT Sport and ESPN. The two sport TV channels have signed a new seven-year agreement which will deepen their existing relationship. US based ESPN will provide BT Sport with up to 5,000 hours of programming per year for UK fans of global sports to enjoy, including coverage of the [...]
Ofcom puts BT under pressure to cut broadband cost to rivals January 15, 2015 Ofcom yesterday warned BT that it might be forced to raise broadband prices for customers or slash what it charges rivals to use its network, under tough new tests. The proposal is designed to ensure that BT cannot price rivals such as Sky and TalkTalk out of the market. Under current rules, BT allows rivals to [...]
BT to buy EE in £12.5bn deal December 15, 2014 BT is set to buy mobile phone group EE for £12.5bn, last night announcing it is in exclusive talks with the UK’s biggest mobile phone network. The deal shocked investors, who mostly expected it to choose the cheaper O2 network, which would cost it roughly £10bn and bring almost as many customers. O2 is [...]
O2 or EE? BT to announce preferred mobile operator in £10bn takeover “early next week” December 15, 2014 Mobile operators EE and O2 will this week learn whether they have won the billions of British Telecom (BT) in a takeover deal. Update: BT has confirmed it has entered into exclusive talks with EE According to a report in The Sunday Times, BT has this weekend been finalising a deal one of [...]