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BT In Advanced EE Purchase Talks For GBP12.5bn

  • The Drum, Tuesday, December 16, 2014 6:29 AM

BT has entered into an exclusivity agreement with Deutsche Telekom and Orange to acquire their UK mobile business EE for GBP12.5bn. The agreement will last several weeks as the firm seeks time to acquire EE, a move which will grant the company an entry into the UK mobile industry. With the purchase, BT would own one of the UK's most advanced 4G networks.

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