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Hutchison enters exclusive talks to acquire O2 for 10.25bn
2015-01-23 01:00:00| Total Telecom industry news
Deal set to create U.K.'s largest mobile operator but will likely face intense regulatory scrutiny before it can proceed.
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BT has entered exclusive talks to buy EE.
2014-12-15 22:00:23| Telecom - Topix.net
BT has entered exclusive talks over a A 12.5 billion deal to buy Britain's biggest mobile phone operator EE. The disclosure comes after days of speculation over whether BT would opt to bid for O2 or rival EE, which is owned by Deutsche Telekom and Orange, as part of its long-awaited return to the mobile phone sector.
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BT enters exclusive talks to buy EE for GBP 12.5 billion
2014-12-15 21:10:00| Telecompaper Headlines
(Telecompaper) BT has entered into exclusive talks to acquire UK mobile operator EE from Deutsche Telekom and Orange for GBP 12.5 billion in cash and new shares. Under the non-binding terms agreed, Deutsche Telekom would hold 12 percent of BT and would be entitled to appoint a member to the BT board. Orange would own 4 percent of BT. The period of exclusivity will last several weeks to allow BT to complete due diligence and for negotiations on a definitive agreement to be reached. While continuing discussions, BT will progress its own plans for providing enhanced fixed-mobile converged services for businesses and consumers, in line with previous announcements, and remains confident of delivering on these plans should a transaction not take place. BT expects significant synergies mainly through network and IT rationalisation, back-office consolidation and savings on procurement, marketing and sales costs. In addition, BT expects to generate revenue synergies through selling fixed-line services to EE customers who do not currently take a service from BT, and by accelerating the sale of converged fixed-mobile services to BT's existing consumer and business customers.
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BT in exclusive talks to acquire EE for 12.5bn
2014-12-15 01:00:00| Total Telecom industry news
Proposed deal would see Deutsche Telekom take 12% stake in U.K. incumbent, while Orange would hold 4%.
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EXCLUSIVE: Scribe Solutions CEO talks about acquisition by General Employment Enterprises
2014-12-12 23:12:41| IT Services - Topix.net
General Employment Enterprises, a large national staffing firm based in Chicago, is acquiring Scribe Solutions Inc. - one of the fastest-growing companies in Jacksonville. As part of the deal, General Employment will also make Scribe's CEO Derek Dewan the top executive at the publicly traded General Employment , a move that is expected to position the larger company for significant market growth.
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