At what enterprise value was EE acquired in 2016?

During the acquisition of EE by BT GROUP in 2016, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b GBP. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of EE when it was acquired by BT GROUP?

The estimated EV/EBITDA multiple for EE is in the range of 5x - 12x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.4x. Join our community for free to access full valuation data and industry trends.

When was EE acquired by BT GROUP?

EE was acquired by BT GROUP in 2016.

What was the revenue of EE at the time of the deal?

The revenue of EE at the time of the deal is estimated to be in the range of 5b - 100b GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of EE during the acquisition?

EE's EBITDA is estimated to be in the range of 1b - 3b GBP. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the EE acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the EE deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.reuters.com/article/world/uk/bt-completes-ee-takeover-leaving-openreach-as-the-final-hurdle-idUSKCN0V70ES/

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Home Database TMT (Tech, Media, Telecom)EE

01/2016

EE acquired by BT GROUP

UNITED KINGDOM Telecom / Operators EV 3b - 100b GBP

Context

BT Group has completed the 100% equity acquisition of EE from its joint venture parents Deutsche Telekom and Orange. The combination unites the country's largest fixed-line network with the leading mobile operator to assemble a single integrated telecommunications provider. This consolidation is driven by rapid market transition toward single-invoice quad-play service bundles that combine broadband, TV, fixed telephony, and mobile data. Capturing EE allows the acquirer to safeguard its premium customer base against alternative cable and media challengers offering aggregated connectivity services. The transaction structure includes an equity swap component, resulting in Deutsche Telekom and Orange becoming significant institutional shareholders in BT Group with stakes of 12% and 4% respectively. Final clearance was granted by the Competition and Markets Authority, which concluded that the minimal horizontal overlap between separate fixed and mobile operations would not impair market competition.

EE, which reported an EBITDA margin of LOGIN in 2015, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

EE, based in the United Kingdom, operates as a mobile network provider delivering wireless voice and data telecommunications services to retail and corporate end-users. The company builds and manages nationwide cellular radio tower infrastructure alongside a retail footprint of more than 500 physical storefronts. Revenue generation is sustained by monthly subscription fees collected from a captive base of 27 million mobile clients. This commercial mechanism relies on multi-year contracts that bundle cellular connectivity with smartphone financing plans. Customer lock-in is enforced by significant switching costs arising from data migration friction and cumulative device loyalty incentives.

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REFERENCES

Valuation range: EV 3b - 100b GBP

Revenue range: 5b - 100b GBP

EBITDA range: 1b - 3b GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EE by BT GROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: ee

Acquirer: bt group