A PYMNTS Company

UK: Largest Telecom providers to buy out biggest mobile network provider for £12.5bn

By  |  February 5, 2015

BT will acquire EE, the UK’s largest mobile network operator, for 15 billion. The newly merged company will now boast the UK’s largest 4G network and most extensive superfast broadband network.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The deal will bringing together BT’s more than 10 million retail customers and EE’s 24.5 million direct mobile subscribers.

    “This is a major milestone for BT as it will allow us to accelerate our mobility plans and increase our investment in them,” BT Chief Executive Gavin Patterson said on Thursday.

    But its rivals have already called on regulators to intervene, wary that the fixed-line market leader and main infrastructure provider could abuse its position and reduce competition.

     

    Full Content: BBC News

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.