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BT to choose between O2 and EE takeover ‘early next week’

BT will decide weather to buy out O2 or EE as part of its return to the mobile space in the coming days, latest reports have suggested.

With the telecoms giant being well known to be in talks with both leading UK mobile networks, claimed insiders have suggested a final decision will be made ‘early next week’.

“BT is not expected to take much longer to choose between the two,” an unnamed insider reportedly told Reuters.

They added: “You can reasonably expect an announcement to be made by early next week.

Reports of an impending decision have been kicked into overdrive in recent days as it emerged the Chairman of O2’s Spanish parent company – Telefonica – flew into London this week in order to try finalise a deal.

It is believed that both O2 and EE have become open to reduced bids in order to facilitate a deal, with both now believed to be willing to accept shares in BT as part of a takeover.

BT has not been a serious player in the UK mobile space for a number of years.

They firm famously shipped off its mobile arm – what has since become O2 – back in 2001.

Stay tuned to TrustedReviews for all the latest on how the face of UK’s mobile space will change as an eventual deal is completed.

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