Law firms advise on EE takeover
18th December 2014
It was recently announced that British multinational telecommunications services company BT is to look into the acquisition of mobile network operator EE, and Freshfields Bruckhaus Deringer, Clifford Chance and Norton Rose Fulbright have been announced as firms to take on the advisement of any deals made.
EE is Britain’s largest mobile network, meaning that the deal will be of interest to the general public as well as those who hold permanent and temporary legal jobs in the country. As BT goes into talks with EE’s owners, Germany's Deutsche Telekom and France's Orange, it has been announced that the company looks to acquire the network for a reported £12.5bn.
BT has turned to Freshfields for advice, Clifford Chance is to represent Deutsche Telecom and Norton Rose Fulbright is to advise Orange. Talk of the deal was first announced last month and now it is reported that BT has entered into exclusive agreements with the EE owners; it is reported in this article that Deustche Telecom will hold a 12 percent stake of BT as part of the deal and Orange will gain a 4 percent stake.
Image Credit: Hsamtc (commons.wikimedia.org)