As per reports, British Telecom is in right on time converses with Telefonica to acquire O2, the same mobile operations has launched back on 2001. In addition to BT’s eye on O2, yet the UK’s biggest system EE has likewise been offered in an another deal.
BT has affirmed to Spanish press that Telefonica could wind up with a 20 percent stake in the company, ought to an deal pass through. The Telegraph notes that this would esteem the inked signup take at around £10 billion. A BT representative commented on today’s reports, noting that BT is likewise inspired by a second network service provider (accepted to be EE):
“We have received expressions of interest from shareholders in two UK mobile network operators, of which one is O2, about a possible transaction in which BT would acquire their UK mobile business. All discussions are at a highly preliminary stage and there can be no certainty that any transaction will occur.”
The telecoms titan needs to get a hold on the mobile business, which makes a potential O2 (or EE) deal a luring one value investigating. As noted over, its still early days with preparatory talks under way.