Three UK to buy O2 UK for £9.25 billion

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Since BT confirmed they were in talks to buy EE and not O2, there’s been a lot of rumours that Three UK owner Hutchinson Whampoa Limited (HWL) would attempt to acquire O2 in a bid to strengthen its UK position. This morning the company have issued a press release confirming they are in exclusive talks to buy O2 UK from Spanish parent Telefónica, S.A. in a deal worth £9.25 billion. Continue reading “Three UK to buy O2 UK for £9.25 billion”

Vodafone could bid for UK broadcaster Sky

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In response to BT’s proposed acquisition of the UK’s largest network EE, Vodafone looks set to make a bid for UK broadcaster Sky. With the telecoms market in the UK heading towards quad-play, Vodafone needs the services offered by and has the cash to make a bid for Sky, which is valued at around £15 billion. Continue reading “Vodafone could bid for UK broadcaster Sky”

Vodafone could seek protection over BT’s EE buyout

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Vodafone is set to ask the UK watchdog and regulators to ensure BT doesn’t discriminate against its rivals once the latter acquires UK mobile leader EE. As revealed this week, BT is in talks over a possible £12.5 billion takeover of telecoms giant EE and Vodafone, who will be its closest rival following the acquisition, will require assistance to ensure that BT continues to play fair. Continue reading “Vodafone could seek protection over BT’s EE buyout”

4 Reasons BT Chose EE over O2

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Yesterday evening BT confirmed it was in exclusive talks to acquire EE thus bringing an end to the deliberation over whether the firm would make a bid for market leader EE or smaller rival O2. Now that BT has confirmed it is going after EE, the question is raised – why did the firm choose EE over O2 when the latter would have cost significantly less and presented less regulatory hurdles? Here’s 5 possible reasons they picked EE. Continue reading “4 Reasons BT Chose EE over O2”

BT buying EE – is it good for consumers?

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BT has confirmed that it is in exclusive talks to acquire EE, the UK’s largest market mobile network group but is the buyout good for consumers? Will one of the UK’s largest communications groups buying the largest mobile network result in lower mobile prices in the UK? Continue reading “BT buying EE — is it good for consumers?”

BT snubs O2, in talks to buy EE for £12.5 billion

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The saga is finally over (well partially at least): as expected, BT have confirmed they are in exclusive talks to buy EE – Britain’s largest mobile network – for the large sum of £12.5 billion. BT have confirmed their period of exclusivity would last for several weeks whilst negotiations took place and is likely to be a blow for O2’s Spanish owners Telefonica who have been trying to offload their UK operation. Continue reading “BT snubs O2, in talks to buy EE for £12.5 billion”