Top News Stories –
Moving to the BEET? –
UK communications giant Telecoms group BT buys the mobile operator EE for £12.5bn, with the deal covering fixed-line phones, broadband, mobile and TV. Deutsche Telecom will hold 12% in the new combined business and have a seat on the board. Orange will receive a 4% stake, as well as about £3.4bn in cash. BT says it plans to raise £1bn through a placing of new shares to fund the deal.
Argentine President Chinese faux pas –
Argentine President Cristina Fernandez de Kirchner has tweeted an old joke during her visit to China, making fun at how the Chinese speak. She made reference to how some Chinese struggle to pronounce the letter “r”. Tweeting in Spanish, she wondered whether those at an event about trade were there for “lice” and “petloleum” which refers to critics accusing her supporters of attending party events only so they can get a free sandwich and a soft drink.
Cristina Fernandez de Kirchner
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