France Telecoms may sell off EE stake

Sunday, April 7th 2013

EE is now UK's largest mobile operator, which is owned jointly by France Telecom group and Deutsche Telekom, after the merger of Orange with T-Mobile in 2010. France Telecoms is however considering the sale of EE or part floatation, if reports in Financial Times are true. They have reportedly considered Morgan Stanley as lead bank to oversee the task. Bank of America Merrill Lynch is also expected a lead role. Separate advisers would be appointed by Deutsche Telekom. EE was previously called Everything Everywhere. If its fixed and mobile broadband business is up for sale, maybe BSkyB would be tempted to acquire EE. Millions of mobile customers and a few hundred thousands of fixed line broadband customers will be added over to the O2/BE customer base that was acquired by Sky recently. Since the launch of EE 4G network and with EE offering FTTC service, more fibre optic broadband customers were added.


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