With the closing of the EE acquisition, BT Group (BT)/(BT.A) has become the only truly convergent telecom operator in the United Kingdom with the ability to offer fixed-line and wireless telephony, broadband, and pay television on its own network.
The U.K. has trailed several other European countries in moving to converged services, but we think this acquisition will help jump-start that move. BT should benefit, as it controls the whole network, while others will need to wholesale at least some services from somewhere else.
Allan C. Nichols, CFA does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.