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EE Parents Confirm BT Talks

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Orange, Deutsche Telekom say discussions with U.K. incumbent are at a very early stage. EE could become part of BT, its parent companies admitted on Wednesday.

Earlier this week the U.K. mobile operator was widely reported to be a takeover target for the fixed-line incumbent. BT on Monday revealed that it is holding talks with O2 and another unnamed U.K. mobile operator.

And with its parent companies having recently indicated that they do not see the current 50:50 ownership structure continuing in the long term, EE was the first name on everyone’s lips.

Right on cue, on Wednesday Orange and Deutsche Telekom issued a statement confirming that they are “having exploratory discussions with BT.” Original post at ET Telecom

Wahengbam Rorrkychand

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Website: http://www.blog.tonsetelecom.com

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