BT confirms it’s in exclusive negotiations to buy EE for £12.5 billion

So it's looking more and more likely now.

BT would then have a quad-play offering akin to Virgin Media. It will be interesting to see how Sky and TalkTalk react. TalkTalk already has the quad-play offering with YouView and an MVNO mobile product which is something Sky lacks.

http://thenextweb.com/mobile/2014/12/15/bt-confirms-exclusive-negotiations-buy-ee-12-5-billion/?fromcat=uk