The planned stock market flotation of EE (Everything Everywhere), Britain's biggest mobile operator, has been put on hold by joint owners Orange and Deutsche Telekom, the two companies announced on Friday.
"Deutsche Telekom and Orange have concluded the 2013 strategic asset review of EE and are very satisfied with EE's progress and financial performance under the leadership of chief executive CEO Olaf Swantee and his management team," the German telecommunications giant said in an emailed response.
"Following this review, the shareholders have both agreed that the best option for value creation is to maintain the current ownership structure for the time being, and they look forward to continuing their successful cooperation in the UK market," the statement said.
The planned stock market flotation of EE (Everything Everywhere), Britain’s biggest mobile operator, has been put on hold by joint owners Orange and Deutsche Telekom, the two companies announced on Friday.
“Deutsche Telekom and Orange have concluded the 2013 strategic asset review of EE and are very satisfied with EE’s progress and financial performance under the leadership of chief executive CEO Olaf Swantee and his management team,” the German telecommunications giant said in an emailed response.
“Following this review, the shareholders have both agreed that the best option for value creation is to maintain the current ownership structure for the time being, and they look forward to continuing their successful cooperation in the UK market,” the statement said.
