Another BT milestone: CMA approves EE acquisition
I'm delighted the Competition and Markets Authority has today given unconditional approval for BT's acquisition of EE, having unanimously found there to be no significant lessening of competition.
This is fantastic news and a huge milestone moment for us all. Separately, both companies have achieved great things and together we will be one of the world's leading communications providers.
We now need to start the formal process of completing the deal, which we expect to do by the end of the month. Therefore, the first steps in our plan to incorporate the EE business into the wider BT Group will begin in early February.
At that point, we'll be bringing together two similar cultures of innovation, two businesses of like-minded people. I look forward to us building on the best that both organisations have to offer and creating a future where we can provide customers with truly seamless connectivity; build the fastest, most connected and most reliable network and transform the shape of communications by creating more innovative, converged products and services our customers want.
You’ll see more information over the coming weeks. In the meantime it’s business as usual and we must focus on closing the financial year in a strong position. For now, I want to thank everyone who’s worked so hard to get us to this point. It’s a great achievement, and there are even greater things ahead for all of us – for our shareholders, for us and above all, for our customers.
I look forward to welcoming EE into the BT family.
Gavin