For some time now rumours have suggested that BT are looking to snap up a mobile carrier in the UK, and now it has also been reported that the carrier they might be choosing to buy is EE after talks emerged about the company specifically targeting EE and O2.
Reports that were released today claim that BT are specifically looking to acquire EE, and are currently in negotiation talks with the carrier ahead of what we presume will be the buyout of the company.
To give you some backstory, EE is made up of Deutsche Telekom’s and Orange’s UK mobile businesses and stands for Everything Everywhere. BT will only be looking to pick up the UK side of things, so both Orange and Deutsche Telekom will still exist elsewhere if the acquisition is successful.
BT said the following in an earlier statement: “The proposed acquisition would enable BT to accelerate its existing mobility strategy whereby customers will benefit from innovative, seamless services that combine the power of fibre broadband, Wi-Fi and 4G.”
If BT manage to close the deal they will then own the UK’s largest 4G network, allowing them to expand upon the services they currently offer, but of course this will come at a cost for BT.
According to rumours that cost will be £12.5 billion to acquire the company, following which Deutsche Telekom will have a 12 per cent stake in BT and have a place on the BT Board of Directors and Orange would grab a 4 percent stake.