British Telecom is looking to purchase a UK carrier with its options being EE or O2. O2 was part of British Telecom back in 2001, but was sold and is now owned by Spain's Telefonica. It said there are currently "highly preliminary talks" regarding the offer.
The other UK carrier, EE, is a joint venture between French Telecom and Deutsche Telecom. However, they haven't made a comment about the bid just yet.
The company will make an announcement once it has more reliable indication from the stakeholders of both EE and O2 that a deal is likely. Since the talks are in their starting stage, there's no information regarding the financial outlook of the deal.
Actually o2+Vfe are sharing the same network and the EE acquisition is in progress ... yes 3G and 4G sucks in the UK .. it is funny how much the providers are spending on development and how lame the result is ... well its an island with a weird netw...
I live in central London and get either one or zero bars on my EE 4G signal. For all their expensive Bacon-led advertising, they offer a terrible service.
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