EE eyed for takeover by former CEO Tom Alexander if BT opts against deal
EE’s former chief executive, Tom Alexander, is interested in a takeover of the UK-based mobile-phone network operator, The Daily Telegraph reported. The report said neither Alexander, nor the private-equity houses Apax and KKR, which are also eyeing EE, are prepared to play the role of stalking horse if BT seeks to acquire the business. They would rather wait for EE’s owners, Deutsche Telekom and France-based Orange, to decide how to proceed in the event that BT walks away.
BT is expected to announce within the coming days whether it plans to acquire EE or its rival O2; O2 is believed to be the more likely target but a deal with EE remains a possibility, according to people with close links to the situation.
Daily Telegraph