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BT looking to buy back O2

Written by Andre Yoskowitz (Google+) @ 24 Nov 2014 16:40

BT looking to buy back O2 British Telecom (BT) appears to be in talks to buy back major UK carrier O2, the company it sold back in 2005 for 18 billion.
Telefonica, of Spain, was the acquirer and could sell the carrier back in exchange for a 20 percent stake in BT as a whole. The "strategic alliance" could benefit the pair, say early reports.

The report did note that talks are still early, and could fall apart.

In a statement, BT added that they are "assessing the merits of an acquisition of a mobile network operator in the UK," without mentioning any names.

Source:
Engadget

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