EE prepping for IPO?

4 Feb 2013

The United Kingdom’s largest cellco by subscribers, EE, is putting the finishing touches to plans to launch an Initial Public Offering (IPO), according to the Sunday Times. It is understood that the operator will aim to float this year, with EE said to be close to appointing advisers to oversee the process, the report claims, citing industry and banking sources. With any IPO expected to value the mobile network operator at around GBP10 billion (USD15.69 billion), its parent companies, Deutsche Telekom and France Telecom-Orange, are expected to bank in excess of GBP1 billion a piece via the sale of 25% share in their British joint venture.

United Kingdom, EE