February 5, 2015 / 7:14 AM / 3 years ago

BRIEF-Orange and D.Telekom reach deal to sell EE to BT

Feb 5 (Reuters) - Orange :

* Orange and deutsche telekom reached an agreement with bt for the divestment of 100% of their shares in ee

* Parties agreed on an enterprise value of £12.5 billion

* Orange will receive approx. £3.4bn in cash and a 4% stake in combined bt/ee entity

* Deal expected to close by march 2016 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below