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BT to pay Orange, DeTe GBP 250 mln if EE merger fails

Thursday 2 April 2015 | 09:11 CET | News
BT has agreed with Orange and Deutsche Telekom to complete its takeover of their mobile joint venture EE no later than August 2016, but expects to finalise the transaction by the end of March 2016, according to a circular distributed to shareholders ahead of a vote on the GBP 12.5 billion deal. BT states that EE will complement its long-term vision of operating a single data-centric network, writing, "Fixed-mobile converged products have seen strong take-up in a number of continental European markets to the benefit of consumers. BT expects there to be growing appetite for these products in

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Categories: General / Mobile & Wireless
Companies: BT / Deutsche Telekom / EE / Orange / T-Mobile
Countries: United Kingdom
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