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Monday, December 15, 2014

BT to enter exclusive talks with EE owners-sources, (NYSE: ORAN)

BT is expected to enter exclusive talks with the owners of EE, Orange and Deutsche Telekom, about buying Britain's biggest mobile network operator, three sources familiar with the situation said on Monday. BT has been in talks with both EE's owners and O2-owner Telefonica since late November about a deal to purchase one of the operators, putting the British telecom firm in an unusually strong position to secure a good deal.One person familiar with the situation said the deal would cost around 12 billion pounds ($18.8 billion) in cash and shares.All parties declined to comment.

Orange SA, formerly France Telecom SA, is a France-based company that is engaged, principally, in the provision of integrated telecommunications services. Shares of ORAN fell by 1.5% or $-0.25/share to $16.39. In the past year, the shares have traded as low as $11.80 and as high as $18.05. On average, 605931 shares of ORAN exchange hands on a given day and today's volume is recorded at 363183.