LONDON (MarketWatch)—BT Group posted a solid gain after reaching an
agreement to buy EE on Thursday, while the broader U.K. stock market
just avoided a negative close as oil firms rose with crude prices.
Shares of BT BT.A, +0.23% BT, -1.08% climbed 4.5%, closing at its highest level since 2001. The move came as the telecom company said it’s buying U.K. mobile operator EE from Deutsche Telekom AG DTE, +0.25% and Orange SA ORA, +0.76% for 12.5 billion pounds ($18.98 billion). Shares of Deutsche Telekom gained 0.3%, and Orange fell 1.1%.
Mobile competitor Vodafone Group PLC VOD, +0.22% VOD, -0.26% lost 2.4%.
Read more at Click here / www.trade4x.net
Shares of BT BT.A, +0.23% BT, -1.08% climbed 4.5%, closing at its highest level since 2001. The move came as the telecom company said it’s buying U.K. mobile operator EE from Deutsche Telekom AG DTE, +0.25% and Orange SA ORA, +0.76% for 12.5 billion pounds ($18.98 billion). Shares of Deutsche Telekom gained 0.3%, and Orange fell 1.1%.
Mobile competitor Vodafone Group PLC VOD, +0.22% VOD, -0.26% lost 2.4%.
Read more at Click here / www.trade4x.net
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