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    Default BT confirms acquisition of EE for 12.5 billion

    BT today announced that the company had agreed definitive terms to acquire UK mobile operator EE, the largest mobile network in the country, for 12.5 billion ($19 billion). Talks between the two parties have been well under way since late last year. A combination of cash and new ordinary shares will enable BT to make the purchase, absorbing 31 million subscribers in the UK.

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