EE eyed by private equity firms

EE eyed by private equity firms

EE are being eyed by a number of private equity firms should a deal with BT fail to materialise according to reports in a number of media outlets.

The news comes following a morning of speculation surrounding rival Vodafone who were linked with a number of quad play related acquisitions.

This is not the first time that EE has been linked with a sale to a private equity firm. In November Olaf Swantee told mobile that this was one of a number of options being considered by the network’s owners, he said: ‘When you have a joint venture like that there will be constant debate about what will happen… will we be an IPO? Will we be a private equity owned business? Will we be a combination of elements like an IPO plus? The people that make the decisions on that are certainly not myself or people working for me. Those decisions are squarely with our shareholders.’

Talk surrounding EE’s sale goes back a long way; in July 2013 Orange and Deutsche Telecom said they would be wait until EE’s financial performance improved before making a decision on floatation or sale. This was followed by an announcement in January 2014 that they had 'agreed that the best option for value creation is to maintain the current ownership structure for the time being'. However, it seems that things have changed and that the owners are open to offers for the network.

Read our analysis of whom BT might buy here.

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Just make sure BC Partners dont buy it after the disaster at Phones4u
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