BT Mobile Deal Imminent

BT is likely to decide weather it buys O2 or EE early this week as it takes aim at the mobile market in the UK. An unnamed insider told Reuters “BT is not expected to take much longer to choose between the two,” and we are expecting a decision this side of Christmas.

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.