BT to buy back O2?

Bitterwallet - O2 featured Remember when BT used to own O2? Well, they're in "highly preliminary" talks about buying it back. In a statement, they also said that they were in talks with another mobile network too, but they were keeping quiet on that.

We think that it is EE, for the record.

BT said: "BT Group notes the recent press speculation relating to a potential transaction involving Telefónica UK (O2) in the UK. We continue to develop our own plans for providing enhanced mobile services to business and consumer customers, in line with our previous announcements."

"We remain confident of delivering on these plans and have also been exploring ways of accelerating them, including assessing the merits of an acquisition of a mobile network operator in the UK."

"We have received expressions of interest from shareholders in two UK mobile network operators, of which one is O2, about a possible transaction in which BT would acquire their UK mobile business. All discussions are at a highly preliminary stage and there can be no certainty that any transaction will occur."

"A further announcement will be made if and when appropriate."

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