Published Date:
29 June 2009
MOBILE phone operator Vodafone is considering a buyout of competitor T-Mobile UK in a move that would create the UK's largest mobile operator.
Vodafone is said to be examining the merits of either making an offer for T-Mobile or setting up a joint venture.
T-Mobile, which has an estimated enterprise value of between £2.5 billion and £3.4bn, is owned by Deutsche Telekom, which has appointed JPMorgan to advise on strategic options for the business.
A combined company would have a 40 per cent share of user revenue in the British mobile phone market, but could be blocked by regulators.
The UK's largest mobile operator is O2, which has a market share of about 27 per cent.
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Last Updated:
29 June 2009 10:26 AM
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Source:
Edinburgh Evening News
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Location:
Edinburgh
