BT completes its acquisition of EE
BT has successfully escaped the gauntlet of regulatory approvals and is now able to complete the company's purchase of EE. Picking up and absorbing the largest UK mobile operator, the £12.5 billion deal is a victory for BT, which has plans to enter the competitive mobile industry once more. 31 million EE customers will be included in the deal, which will put BT in a strong position against the competition.
BT already offers mobile phone options and EE has a limited TV and broadband service, but combining the two companies together to offer complete packages would make sense to prevent overlap. However, it's not just EE and BT who have plans to join forces. Eyes will now switch focus to Hutchison Whampoa (owner of Three) who has hinted at a potential purchase of Telefonica's O2.
Simply put, it's gearing up to be quite the period for mobile networks in the UK.
Source: 4-Traders, via: Engadget
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