BT To Buy Mobile Firm EE For £12.5bn

BT has agreed to buy mobile operator EE in a cash and shares deal worth £12.5bn, the company has revealed. The group announced in December it was in talks to buy Britain's largest mobile operator and the deal, which will be partly financed with a £1bn share issue, will now create the UK's leading communications provider. EE's current owners Deutsche Telekom and Orange will hold stakes of 12% and 4% in BT, with Deutsche getting a seat on the board. Gavin Patterson, BT chief exec