BT is only one step away from taking over EE for £12.5 billion

Oct28

by Sindy Cator on October 28, 2015 at 12:35 pm

Earlier this year, UK telecommunications company BT announced that it would be acquiring mobile network EE for $19 billion (£12.5 billion). Both companies combining will create a communications giant that covers TV, broadband, landlines and mobile. Because of this, the Competition and Markets Authority (CMA) looked into the deal to ensure that there would not be a substantial lessening of competition in the UK market. Today, the CMA has approved the acquisition determining that it won’t have a negative impact. The inquiry looked at the possibility of the merger giving competitors like TalkTalk or Three a disadvantage through offering wholesale…