BT completes the acquisition of mobile network EE
BT after almost a decade returns to the mobile market through the acquisition of EE mobile network in the UK, as the regulation authorities gave their approval.
The deal was closed last February of 2015 at the price of GBP 12.5 billion with the major shareholders of EE, Deutsche Telecom and Orange, to acquire shares of BT.
With this acquisition, BT will have access to EE customers in order to sell Broadband services while EE will offer pay-TV services to its customers with attractive all-in-one packages.
All now await the movements of the EE/BT competitors, O2/Three and Vodafone. O2 and Three are in merger phase, as Telefonica sold O2 in Hutchison Whampoa, the owner of Three UK. The merger still has way to go because of regulators examine the deal but once the acquisition is complete, the new company will have a greater customer base of the EE, Vodafone combined.