British Telecommunications Giant BT to Buy EE for $19 Billion

The deal is the latest in a series of takeovers in Europe’s fast-consolidating telecom sector. The parties announced late last year that they were in exclusive talks.

By adding EE’s 31 million British customers to it existing operations, BT will be able to offer so-called quad-play packages that combine broadband, cellphone, fixed-line and pay-TV services.

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The New York Times