Last year it was revealed that BT was looking to acquire one of the UK’s biggest 4G phone networks, EE, for around £12.5 billion, and while things have remained pretty quiet, it’s been revealed that the deal can now go ahead now it’s been cleared by teh Competition and Markets Authority.
Almost a year ago now, UK telcom company, BT showed interest in acquiring mobile networks O2 and EE. The news officially broke in February where BT confirmed that it planned to acquire EE for £12.5 billion to expand its empire to focus not only on landlines, broadband, and cable television, but also mobile. Today, it has been given the go ahead by the CMA.
The CMA provisionally cleared the takeover in October last year, but were waiting until January to publish a final report. It seems the reason for the lengthy delay was due to issues raised by TalkTalk and Vodafone over BT retaining its OpenReach broadband infrastructure service.
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.”