BT gets the green light to take over EE for £12.5b

BT gets the green light to take over EE for £12.5b
Credit: chrisdorney / Shutterstock.com

UK telecom giant BT’s acquisition of mobile network EE in a £12.5 billion ($19 billion) deal has been cleared by the Competition and Markets Authority (CMA) today.

Originally announced last February, the deal will see BT expand its empire to cover fixed-line phone, broadband, mobile and TV services in the UK, once it takes place in the coming weeks.

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When the CMA provisionally cleared the takeover last October, it said that it would publish its final report in January after considering issues arising from BT retaining its Openreach broadband infrastructure service. Vodafone and TalkTalk previously argued that the company should have to spin it off before proceeding with the merger.

BT chief executive Gavin Patterson said: “The combined BT and EE will be a digital champion for the UK, providing high levels of investment and driving innovation in a highly competitive market.”

CMA clears BT/EE merger [Gov.uk via BCC]

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