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BT Seals $19 Billion EE Deal

Wall Street Journal Original article ›

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BT Group PLC acquired mobile company EE from Deutsche Telekom of Germany and Orange SA of France for 12.5 billion pounds in cash and stock. EE is the UK's largest mobile company and BT Group the largest fixed line telecom company. With this acquisition BT Group can now bundle fixed line, mobile lines, and television services, to increase subscriber revenue. Deutsche Telekom with a 12% stake is now the largest shareholder in BT Group. Orange will have a 4% stake. The acquisition provides BT Group with a faster 4G network and 30 million EE customers, 24.5 million direct mobile and 834,000 broadband.

BT Group PLC performance

02/05/2015

Grouped Articles

BT Seals $19 Billion EE Deal

Wall Street Journal 02/06/2015

British Telecommunications Giant BT to Buy EE for $19 Billion

New York Times 02/05/2015

BT Group PLC management

02/05/2015

Grouped Articles

BT Seals $19 Billion EE Deal

Wall Street Journal 02/06/2015

British Telecommunications Giant BT to Buy EE for $19 Billion

New York Times 02/05/2015


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