BT begins placement of £1bn of shares to fund EE acquisition February 12, 2015 BT is selling £1bn worth of shares to fund its £12.5bn deal for mobile network EE. The new shares will be listed through an accelerated bookbuilding process to fund part of the cash element of the deal, the telecoms giant confirmed this morning. The bookbuilding for the sale of 5p ordinary shares to institutional investors, [...]
EE’s about to invest £1.5bn to expand 4G and rural mobile network coverage by 2017 February 11, 2015 EE is planning to nvest billions of pounds into expanding its mobile network and coverage in rural areas, which help its 4G coverage surpass 2G by 2017 The mobile network, which will soon be owned by BT when a £12.5bn deal goes through, will spend £1.5bn over the next three years aimed at improving the [...]
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 [...]
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 [...]
Comparethemarket in talks to launch 2-for-1 cinema offer as EE’s Orange Wednesday deal expires December 11, 2014 Price comparison website Comparethemarket.com is in talks with the cinema industry to launch a 2-for-1 ticket promotion for its customers next year, following the news yesterday that EE will end its decade-long Orange Wednesdays offer. EE said it would stop Orange Wednesdays at the end of February after it failed to agree new commercial terms [...]
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 [...]
As BT prepares to buy O2 or EE, Sky remains sceptical of need for mobile offering November 24, 2014 Pay TV group Sky, recently rebranded from BSkyB, remained unconvinced by the need for a mobile offering yesterday, after its biggest rival BT looked poised to buy either EE or O2 in a £10bn mobile deal. While Sky’s services include TV, broadband and fixed-line telephone in the UK, the £15.3bn group has yet to offer [...]
EE boss Olaf Swantee aims for 7m 4G customers October 22, 2014 Britain’s biggest mobile operator, EE, saw its 4G customer base grow by 1.4m during the third quarter to 5.6m total subscribers. The growth puts EE on track to beat its 2014 goal of signing up 6m customers to its superfast offering, the largest 4G network in Europe. “We’re going to exceed that number, and it’s [...]
EE set to cut 350 jobs October 20, 2014 Mobile operator EE is planning to cut 350 jobs including its Hatfield headquarters as the firm looks to slim down its marketing, finance, legal and account management teams. The move comes just days after reports that EE’s owners, Orange and Deutsche Telekom, are back in talks for either a float or sale of the business [...]