BT in Talks to Acquire O2 and Another Unnamed UK Operator

By Alex Spencer


Following widespread speculation, BT has confirmed that it is in talks with Telefónica over potentially acquiring O2, its UK mobile operator brand.

In fact, according to BT’s statement, O2 isn’t the only operator it is currently looking at acquiring. The telco says it has “received expressions of interest from shareholders in two UK mobile network operators”. It declines to name the other, though there are a limited number of options: Vodafone, Three and EE/Orange.

However, according to the statement: “All discussions are at a highly preliminary stage and there can be no certainty that any transaction will occur”.

O2′s origins actually lie with BT, which founded ‘Cellnet’ as a joint venture with Securicor in 1985. After a 2002 rebrand to O2, Telefónica acquired the operator for £18bn in 2005.

“We continue to develop our own plans for providing enhanced mobile services to business and consumer customers, in line with our previous announcements,” reads BT’s statement. “We remain confident of delivering on these plans and have also been exploring ways of accelerating them, including assessing the merits of an acquisition of a mobile network operator in the UK.”

…read more

Source:: Mobile App News