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 [...]
BT opts for EE over O2 as it enters exclusive talks over takeover worth £12.5bn December 15, 2014 BT has confirmed that it has entered into exclusive talks with mobile operator EE, which has seemingly beaten its rival O2 to the £12.5bn takeover deal. The telecoms giant said that the period of exclusivity "will last several weeks" to allow the necessary negotiations to be completed. The deal would be paid through a combination [...]
Exclusive: TalkTalk chief Dido Harding says watchdog must consider BT and Openreach split December 2, 2014 TalkTalk chief executive Dido Harding has called on Ofcom to consider the separation of BT and its infrastructure arm Openreach, a move she said could create a new FTSE 100 business better incentivised for consumers. Her call comes as BT is believed to be considering asking the regulator for permission to fold its wholesale arm [...]
Sky faces its big match in fight with BT for Premier League TV football December 2, 2014 Sometime early next year – and no one knows precisely when such is the secrecy surrounding the process – the Premier League will launch an auction to decide who will broadcast live matches for three seasons from 2016-17. And analysts are divided over whether Sky, which has held most of the broadcast rights since the [...]
Sky recruits Lazard bank advisers to explore mobile push as BT confirms takeover talks with O2 and EE December 1, 2014 Sky has appointed advisers, including investment bank Lazard, to examine its UK mobile options, City A.M. understands. The move, first reported by the Financial Times, comes as the telecoms sector has lit up with deal talk over the past week since BT confirmed its takeover talks with O2 and EE to enter the mobile [...]
Split BT and Openreach: £10bn takeover talks with O2 and EE raise competition concerns for Vodafone and TalkTalk November 26, 2014 BT’s biggest rivals voiced competition concerns last night as the former state monopoly continued £10bn takeover talks with the owners of mobile networks O2 and EE. Vodafone and TalkTalk would both call on the regulator to ensure greater separation between BT and its infrastructure arm Openreach, even going so far as to push for the [...]
FTSE closes the day flat as miners weigh on BT and Sky gains – London Report November 25, 2014 BRITAIN’S top share index yesterday steadied near a twomonth high, as stronger banking stocks were offset by a fall in mining companies as metals prices weakened. The blue chip FTSE 100 index closed 1.35 points higher, or flat in percentage terms, at 6,731.14 points. The index reached a two-month high last week. Disappointing earnings from [...]
BT share price up as mobile network operators O2 and EE vie for £10bn deal November 24, 2014 British telecoms giant BT is set to play kingmaker as it prepares to buy either O2 or EE to jump-start its push into the consumer mobile market next year. BT yesterday confirmed deal talks with “two UK mobile network operators, of which one is O2”, but cautioned that talks remained “at a highly preliminary stage”. [...]
BT set to shake up the mobile market… again November 24, 2014 A decade after the British firm left mobile, it is back for more In the midst of what one BT insider described yesterday as a “financial mess” in the early 2000s the British telecoms giant spun off its BT Cellnet arm. The move in 2001 was quickly seen as a terrible strategic decision, [...]