EE preparing for stock-market flotation

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The operator is reportedly looking for banks to advise on its £10 billion stock market flotation

EE is close to appointing advisors for a stock market flotation, the Sunday Times has reported, citing sources.

The report says the operator is finalising plans for a £10 billion stock market floatation, which could happen as soon as September this year.

EE’s 2G and 3G components Deutsche Telekom (T-Mobile) and France Télécom (Orange) are both expected to sell 25 per cent of the venture for more than £1 billion each.

The spokesperson for Deutsche Telekom said an initial public offering (IPO), where shares are sold to members of the public, is the preferred option.

“DT and FT are very confident in the management strategy which aims to strengthen EE’s leading position in the UK, leverage on the largest 3G network and first 4G network roll-out, further progress the integration of T-Mobile and Orange and increase the profitability of this business in the coming years,” the spokesperson said.

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