BT Allowed To Buy EE For £12.5B

BT's £12.5 billion acquisition of EE has been given a green light by regulators, with the Competition & Markets Authority (CMA) giving the deal its final stamp of approval. After an investigation of the deal was completed, the CMA determined it was unlikely an acquisition would lead to "a substantial lessening of competition."

The EE acquisition is complimentary for BT and it doesn't give the company a significantly higher share in the broadband or mobile markets. Instead, BT is primarily obtaining EE's mobile business and adding it to its broadband business.

Now that the regulatory concerns are out of the way, BT and EE must finalize some aspects of the deal and confirmation of the acquisition should arrive early in February.