U.K. Regulator Agrees to Fast-Track Review of BT's Offer for EE

NEW YORK ( TheDeal) --The U.K.'s Competition and Markets Authority on Tuesday, June 9, launched a fast-track, in-depth probe into fixed-line market leader BT Group's £12.5 billion ($19.1 billion) purchase of leading mobile network operator EE from Deutsche Telekom and France's Orange.

The February agreement would give BT a company with 31 million customers in exchange for cash and new BT shares that would leave Deutsche Telekom with 12% of BT and Orange with 4%.

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