Sunny

Sunny

max temp: 23°C

min temp: 17°C

ESTD 1874 Search

The pigs have arrived. See the latest

Pigs Gone Wild

news here.

BT completes £12.5bn acquisition of mobile operator EE

14:02 29 January 2016

BT has formally completed its acquisition of mobile operator EE.
Photo: Rui Vieira/PA Wire

BT has formally completed its acquisition of mobile operator EE. Photo: Rui Vieira/PA Wire

BT has sealed its £12.5billion mega-merger with mobile phone company EE, creating the UK’s biggest telecoms company.

The deal was formally completed today, having been given the green light by the Competition and Markets Authority (CMA) earlier this month. It creates a combination that will have around 35million mobile, broadband and TV customers.

The deal means that BT now holds 35% of the mobile consumer market alongside a similar share of the UK’s consumer broadband business.

It will be able to offer bundles including telecoms, TV, broadband and mobile to its customers to compete better with rivals such as Sky and Virgin Media.

Gavin Patterson, BT chief executive, said the new combination would act as “a digital champion for the UK”.

Earlier this month, however, Which? executive director Richard Lloyd said: “Fewer players in a market is rarely a good thing, but now this deal has been approved both companies must urgently address their abysmal customer service record.

“The regulator will need to keep a very close eye on this to ensure consumers really do benefit from the deal and be prepared to step in if not.”

BT’s acquisition of EE is the latest consolidation in a sector which last year saw mobile operator O2 agree to a sale to Hong Kong conglomerate Hutchison Whampoa, the owner of rival operator Three, for £10.3bn.

Regulator Ofcom is currently carrying out its first significant review of the telecoms sector for a decade, and is considering options which include forcing BT to split off its networks business, Openreach, which provides the final mile of network connection into consumers’ homes and is used by rival operators.

Ofcom’s review is expected to be published next month.

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

An artist's impression of the new look planned for the former BBC Television Centre bulding in the White City area of west London.

Mildenhall-based English Architectural Glazing (EAG) has won a major contract to carry out work as part of the multi-million-pound regeneration of the former BBC Television Centre in London.

Laurence Johnson and Daniel Le Sauvage of Urban Vintage in Framlingham.

An award-winning independent men’s fashion retailer from Suffolk is celebrating its new store opening today with special offers and free drinks.

Sizewell C

Proposals to build a new £16billion nuclear power station on the Suffolk coast will move a step closer next week.

Alex Till, chief executive of Menta, left, with John Baxter, managing director of eAlliance Learning Technology which has formed an online learning partinership with the enterprise agency.

Suffolk-based business support organisation Menta has launched a new online learning partnership to help busy entrepreneurs develop their skills.

Tristel's headquarters at Snailwell, near Newmarket.

Infection prevention and contamination control products company Tristel said yesterday that profits for the 12 months to June 30 will come in ahead of market expectations.

HOT JOBS

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

Great British Life

Great British Life
MyDate24 MyPhotos24