Industry Updates

'SAMENA Daily' - News

City awaits details of BT plans for EE after £12.5 billion merger

Next week the City will want to hear more of BT’s plans now that it has completed its £12.5 billion merger with telecoms rival EE when it reports third quarter results on Monday.

BT’s buyout of mobile phone firm EE was completed on Friday after regulators gave their blessing to the deal earlier in the month, which will create a combination of around 35 million mobile, broadband and TV customers.

Analysts expect BT to step up its financial performance, as it enjoys its first full quarter since securing the broadcasting rights to Champions League football.

The telecoms giant expects a pre-tax profit of £840 million, up 3% from £814 million in the third quarter to the end of December 2014.



Source: http://www.heraldscotland.com/business/14243638.City_awaits_details_of_BT_plans_for_EE_after___12_5bn_merger/

ATTENTION