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BT enters exclusive talks to buy EE for GBP 12.5 billion
2014-12-15 21:10:00| Telecompaper Headlines
(Telecompaper) BT has entered into exclusive talks to acquire UK mobile operator EE from Deutsche Telekom and Orange for GBP 12.5 billion in cash and new shares. Under the non-binding terms agreed, Deutsche Telekom would hold 12 percent of BT and would be entitled to appoint a member to the BT board. Orange would own 4 percent of BT. The period of exclusivity will last several weeks to allow BT to complete due diligence and for negotiations on a definitive agreement to be reached. While continuing discussions, BT will progress its own plans for providing enhanced fixed-mobile converged services for businesses and consumers, in line with previous announcements, and remains confident of delivering on these plans should a transaction not take place. BT expects significant synergies mainly through network and IT rationalisation, back-office consolidation and savings on procurement, marketing and sales costs. In addition, BT expects to generate revenue synergies through selling fixed-line services to EE customers who do not currently take a service from BT, and by accelerating the sale of converged fixed-mobile services to BT's existing consumer and business customers.
Tags: buy
exclusive
billion
gbp
BT enters into exclusive negotiations to acquire EE
2014-12-15 19:00:52| Digital TV News
BT Group plc (BT) has announced that it has entered into an exclusivity agreement with Deutsche Telekom and Orange in relation to BTs possible acquisition of all of their UK mobile business, EE.
Tags: ee
exclusive
acquire
negotiations
Sigh of relief as Aylward enters race
2014-12-11 08:42:31| Industrial Machines - Topix.net
Stratford MLA James Aylward announced Monday he is running for the leadership of the PC party of P.E.I. The convention will be held Feb. 28, 2015. Guardian photo by Mitch MacDonald.
Youku Tudou enters the hardware business
2014-12-10 12:30:10| Digital TV News
Internet TV company, Youku Tudou (NYSE: YOKU), has announced the launch of its Cloud Entertainment business unit and the unit's first batch of hardware products consisting of a WiFi router, smart TV box, and large Android tablet.
Tags: business
hardware
enters
tudou
Delia's enters into liquidation
2014-12-05 16:04:00| Daily apparel & textile news and comment - from just-style.com
US direct marketing and retail business Delia's has entered liquidation with the intention of filing for bankruptcy in the very near term.
Tags: enters
liquidation
delias
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