BT planning to swallow Hatfield company EE
PUBLISHED: 12:19 16 December 2014 | UPDATED: 12:19 16 December 2014
Workers at one of Hatfield’s biggest employers have been cast into uncertainty by a proposed takeover.
BT Group has announced it is in exclusive talks to buy mobile phone provider EE, which is based in the Hatfield Business Park, for £12.5 billion.
In October, the Welwyn Hatfield Times revealed EE, formerly T-Mobile, planned to cut its Hatfield workforce from about 900 to 300, with redundancies and relocations.
According to BT, which span off its mobile phone business in 2002: “The proposed acquisition would enable BT to accelerate its existing mobility strategy, whereby customers will benefit from innovative, seamless services that combine the power of fibre broadband, wi-fi and 4G.”
The current owners of EE, Deutsche Telekom and Orange, will receive a mixture of cash and BT shares, if the deal goes ahead.
EE has 24.5 million direct mobile customers, and made a profit of £1.588 billion in the year to
Chairman Thomas Dannenfeldt, chief finance officer of Deutsche Telekom, said: “We firmly believe that convergence is the future of telecommunications in Europe.
“Customers want fixed-mobile converged services from a single provider.
“The proposed transaction with BT offers the chance to further develop our superbly positioned mobile business engagement in the UK and to take part in the outstanding opportunities of an integrated business model.”
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