BT confirms acquisition of EE for £12.5 billion

BT today announced that the company had agreed definitive terms to acquire UK mobile operator EE, the largest mobile network in the country, for £12.5 billion ($19 billion). Talks between the two parties have been well under way since late last year. A combination of cash and new ordinary shares will enable BT to make the purchase, absorbing 31 million subscribers in the UK.

source: androidcentral