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News : BT Faces Delay in Takeover Bid for EE
Darlington, UK, April 27, 2015 -- A takeover deal could be delayed until the end of the year, bosses have revealed.
EE mobile phone operator, is due to be bought by BT as soon as the deal receives regulatory approval.
BT will buy all of Orange and Deutsche Telekom's EE shares.
But BT may have to wait several months before it can complete the move, is emerged this morning.
EE chief executive, Olaf Sawntee said that the companies hoped to have the deal passed by the competition authorities by "the end of the year".
In February, BT said it was too early to confirm if there would be any impact on jobs; prompting Darlington MP Jenny Chapman to warn any job cuts would be a catastrophe for the town.
He added that EE had employed 1,000 more call centre staff in the UK in the first quarter of the year, in an effort to improve customer service.
It is unclear whether EE will be rebranded after the takeover.
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More Editorial From EE
Everything Everywhere Limited, trading as EE, is a mobile network operator and internet service provider company headquartered in Hatfield, United Kingdom.
BT is provider of communications services and solutions for everybody in the UK and for corporate customers in the rest of Europe, with global reach through partnerships. BT provides services for all UK customers, network services and solutions for communication companies, worldwide business solutions, internet services, and advanced research and technology.
Published: Tuesday, April 28, 2015