EE to complete Life Mobile purchase

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Operator beats Argos and TalkTalk to deal to buy Phones 4u MVNO subject to administrators approval

EE has agreed a deal believed to be around £5 million to purchase Phones 4u MVNO subject to approval from administrators PricewaterhouseCoopers, according to reports in the Financial Times.

The operator will take on Life Mobile customers after coming to an agreement the FT to buy the MVNO, which runs on EE’s network.

Phones 4u owners BC Partners sought administration last month following EE’s decision not to renew its contract with the retailer just weeks after Vodafone had also cut ties. Since then, both operators have taken numerous assets from their former partner, including 58 stores for EE and 140 shops for Vodafone.

Life Mobile has 85,000 users who will now become part of EE, although the report did not specify what will happen to the brand and EE refused to comment on the speculation.

A source close to EE told Mobile News that a deal had been reached but has not yet been signed off by administrators PwC yet.

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