BT gets go-ahead to takeover EE

After weeks of speculation the Competition and Markets Authority has given the all clear to BT to take over Britain’s largest mobile phone network EE. The Competition and Markets Authority saying the deal will not hurt mobile phone or broadband customers.

EE was previously formed from the mobile operators T-Mobile and Orange, and currently operates within the mobile phone and broadband markets. The takeover will give BT the “quad” of products – landline, mobile phone, broadband, TV.

BT said it would issue a formal prospectus for the deal in the last week of January, with the takeover scheduled to close on 29 January. Deutsche Telekom and Orange will own 12% and 4% of BT respectively once the deal has been completed.



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