PARIS (Reuters) - British telecoms group BT's (>> BT Group plc) plan to buy UK mobile operator EE for 12.5 billion pounds should be completed by end-2015 or early 2016, said a senior executive of French group Orange (>> ORANGE SA) which owns half of the business.

Speaking on BFM Business radio on Tuesday, Gervais Pellissier, Orange's executive director for Europe, also said the proceeds of the sale could allow Orange to avoid raising capital to fund its own proposed acquisition - that of Spanish broadband specialist Jazztel (>> Jazztel PLC).

Pellessier was speaking a day after BT announced it had entered exclusive talks with Orange and EE's co-owner Deutsche Telekom (>> Deutsche Telekom AG) for a deal that would give the former UK state telecoms firm the top position in British mobile as well as fixed line broadband services.

(Reporting by Gwenaelle Barzic; editing by Leigh Thomas)

Stocks treated in this article : ORANGE SA, Jazztel PLC, Deutsche Telekom AG, BT Group plc