If Bt has bought back 2million 5 thousand shares to day. How come it shows on trades as a sell?

RESPONSE TO RECENT PRESS SPECULATION

BT Group plc (BT) 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.



-Ends-

of which one is O2,

Any idea who the other is ?

Talk Talk?

Most lunchtime flyers seem to think the 'other' option is EE.

Goldman Sachs Conviction Buy 394.10 394.10 600.00 600.00 Reiterates

Citigroup Buy 394.10 394.10 450.00 450.00 Reiterates

Deutsche Bank Hold 394.10 394.10 410.00 410.00 Reiterates

Jefferies International Buy 388.50 470.00 470.00 Retains

Espirito Santo Execution Noble Buy 400.10 480.00 480.00 Reiterates

Toying with £4 again.

EE owners confirm takeover talks with BT

(Reuters) - EE's German and French owners confirmed on Wednesday they were in talks to sell Britain's biggest mobile network operator to BT (BT.L) as part of a wider review of its options.

I wonder how many T-Mobile, Orange & EE customers would be happy with that? I know one who certainly wouldn't!

BT opts for EE over O2 for 12.5 billion-pound UK mobile deal

What will Vodafone do now ?

BT plans £2bn rights issue to fund EE takeover

See posts 486,487 & 500.

Chart of the week: A perfect tramline trade

Societe Generale Buy 409.10 400.20 - 480.00 Upgrades

Have held these in my ISA from 160p, and intending to hold for much longer yet.

New 14 year high @423.60p

Li Ka-shing's Hutchison to buy Telefonica UK unit for $15.4 billion

(Reuters) - Li Ka-shing's Hutchison Whampoa Ltd (0013.HK) has agreed to buy Telefonica's (TEF.MC) British mobile unit O2 for up to 10.25 billion pounds ($15.4 billion), as Asia's richest man makes his boldest bet yet to revamp his European telecoms business.

Looks a done deal - Hutchison to buy Telefonica UK unit for 10.25 billion pounds

(Reuters) - Li Ka-shing's Hutchison Whampoa Ltd has agreed to buy Telefonica's British mobile unit O2 for up to 10.25 billion pounds, hastening the consolidation of Britain's telecoms industry.

RESULTS FOR THE THIRD QUARTER AND NINE MONTHS TO 31 DECEMBER 2014


· Underlying revenue2 excluding transit down 1%
· Underlying operating costs4 excluding transit down 3% reflecting the benefit of our cost transformation activities
· EBITDA1 up 2% and earnings per share1 up 10%
· Normalised free cash flow3 of £908m, up 64%
· Outlook reaffirmed

BT ANNOUNCES RESULTS OF PENSION FUNDING VALUATION


BT agrees pension plan, unveils fibre network upgrade

Espirito Santo Execution Noble Buy 419.90 - 535.00 Reiterates

Jefferies International Buy 420.65 470.00 470.00 Retains

That'll do nicely :-)