BT Group in Exclusive Talks to Buy EE
Deal Valued at £12.5 Billion ($19.6 Billion) in cash and stock
LONDON— BT Group PLC said it has entered exclusive talks to buy U.K. mobile operator EE for £12.5 billion ($19.6 billion) in cash and stock from Germany’s Deutsche Telekom and France’s Orange SA .
The period of exclusivity will last several weeks, BT said in a statement.
If a deal is reached, BT said Deutsche Telekom would end up with a 12% stake in BT and Orange would hold a 4% stake in BT.