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BT in Talks to Buy Telefonica U.K. Unit

2014-11-24 21:31:46| Telecom - Topix.net

BT Group PLC is in early talks to buy TelefA3nica SA's U.K. mobile business, O2, as the two former monopolies move to shuffle their product offerings in a converging U.K. telecommunications market. The transaction, if it goes ahead, would see the return of BT to consumer mobile services more than a decade after the 168-year-old London-based group spun off a then-struggling cellphone operator that was O2's predecessor.

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