What might be the start of a sweeping wave of carrier acquisitions in Europe, has begun with the confirmation by British Telecom of a $19.5 billion bid for EE. The later is a joint venture owned by Orange and Deutsche Telekom, and was the first carrier in the U.K. to offer 4G LTE service. For BT, a deal would mark the telecom giant's return to the wireless industry after it had sold O2 years ago for the equivalent of $27.6 billion. That move was considered a major blunder on the part of BT, since it left the company without a major wireless presence just as the cellular business was taking off.BT's ...
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