je.st
news
BT wins final clearance to acquire EE
2016-01-15 08:56:00| Telecompaper Headlines
(Telecompaper) The UK's Competition and Markets Authority (CMA) has given unconditional approval to BT's acquisition of EE from Orange and Deutsche Telekom. The GBP 12.5 billion acquisition brings together the UK's largest broadband and fixed operator with the country's biggest mobile operator. BT said it expects to close the acquisition by 29 January and confirmed that Marc Allera will take over as CEO of the new unit. In return for their 50 percent stakes in EE, Deutsche Telekom will receive a 12 percent stake in BT and a seat on the company's board, and Orange will receive shares worth a 4 percent stake in BT and GBP 3.4 billion in cash.
Tags: final
ee
clearance
wins
Category:Telecommunications