BT confirms it’s in talks to buy O2 UK

BT has confirmed that its in talks to buy O2 UK, Telefonica’s UK mobile network. The deal would take the company full circle since O2 began life in 1985 as Cellnet, a joint venture between BT and Securicor.

BT told The Wall Street Journal: “All discussions are at a highly preliminary stage and there can be no certainty that any transaction will occur.” BT struck a deal with EE last year to use the latter’s 4G network.

➤ BT [via The Wall Street Journal]