Investors are reportedly in talks to buy EE, for the cool sum of £10bn.
Two groups, one formed by Apax and KKR and one led by Blackstone and CVC Capital Partners, are currently trying to raise sufficient funding, as they work on competing offers. If the deal goes ahead, it would be the biggest private equity-backed acquisition in Europe since 2007. 
The deal could potentially see EE owners France Telecom and Deutsche Telekom retaining a 15-20 per cent stake in the operator.
The news comes as EE announces plans to roll out its 4G network to another 27 towns and cities by June, covering 55 per cent of the UK population.
