British Telecom has confirmed it has "entered into an exclusivity agreement with Deutsche Telekom and Orange" which could lead to BT acquiring the wireless carrier EE for about £12.5 billion. This means that the UK's largest land line and broadband company could buy the country's biggest mobile phone carrier.
BT previously said it was thinking about buying either EE or rival O2. This deal is far from final; BT says it will spend "several weeks" to complete its due diligence and talks with Deutsche Telekom and Orange, and it's possible that BT could decide to scrap any acquisition plans for EE.
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