As expected, UK telecom BT has agreed to buy mobile carrier EE for £12.5 billion. BT confirmed that it was in talks to buy EE, the largest carrier in the UK, last month. EE’s existing shareholders, Orange and Deutsche Telekom, will sell all of their shares in the business to BT.
This summer, Deutsche Telekom could have a bidding wars on its hands as competition builds to acquire its United States subsidiary. The parent company of T-Mobile has been engaged in talks with Comcast about acquiring the carrier.
Comcast will have to work against Dish Network’s proposed merger and any other potential companies interested in making an offer for T-Mobile.