BT will make its acquisition through a combination of cash and new BT ordinary shares. EE has 31 million suscribers in the UK, and has the largest 4G customer base of any operator in Europe.
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The move will enable BT to sell its broadband, fixed telephony and pay-TV services to those EE customers who currently don’t subscribe to BT’s offerings. The company also also expects to accelerate the sale of converged fixed-mobile services to its existing consumer and business customers and offer new services.