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BT board meets to discuss bid for EE or O2

2014-12-10 09:58:00| Telecompaper Headlines

(Telecompaper) BT's board met on 9 December to discuss a possible takeover bid for mobile operators EE or O2, but did not settle on which to buy, sources familiar with the matter told the Telegraph. CEO Gavin Patterson and his advisers aim to agree on a price for one of the operators by Christmas and to start due dilligence as soon as possible. "They're going to do a bit more digging and probably some more negotiating," a banking source said. Stephane Richard, CEO of Orange, EE's joint owner with Deutsche Telekom, previously said he expected to know more before Christmas. Analysts have said that O2 would be easier to integrate and less expensive to acquire than EE.

Tags: or board discuss bid

Sky brings in advisors as BT talks to O2, EE

2014-12-03 01:00:00| Total Telecom industry news

Lazard to help U.K. satellite TV provider evaluate possible partnerships, acquisitions.

Tags: to ee sky brings

3 UK owner Hutchison prepares bid for EE or O2 - report

2014-11-28 09:57:00| Telecompaper Headlines

(Telecompaper) Hutchison Whampoa, which owns mobile operator Three UK, is preparing a bid for mobile operators EE or O2, currently in exploratory talks about selling their operations to BT, several people familiar with the matter told Reuters. Hutchison could make an offer for either company by the end of the year, as BT is expected to decide on a deal within weeks. Hutchison, which according to the sources is working on the deal with a consultancy, was not available to comment. Telefonica, which wants to sell O2 to repay debt, could sell to Hutchison if a deal with BT falls through. O2, valued at GBP 9.4 billion, would also be less expensive than EE, at EUR 22 billion.

Tags: or report owner bid