Vodafone looking to buy T-Mobile UK?
T-Mobile UK isn’t doing well lately and thus its parent company, Deutsche Telekom, is looking for ways to make things better.
One way to solve its problems would be to sell the British carrier. The estimated enterprise value of T-Mobile UK is of €3 billion – €4 billion ($4.2 billion – $5.6 billion), and it looks like Vodafone, one of the UK’s market leaders and one of the world’s largest telecommunications companies, is interested in buying the carrier.
According to the Financial Times, Vodafone is also considering setting up a joint-venture with T-Mobile UK.
In both cases, the newly-formed company would become UK’s largest mobile operator ever, with a 40% market share (Vodafone currently has about 21 million customers, while T-Mobile has about 16 million).
It’s not clear yet if regulators will approve a transaction between Vodafone and T-Mobile UK. And since the two companies have not commented on the matter yet, we just have to wait and see how things evolve.
Enjoyed the story? Get the news and updates as we publish them. For instant updates as we press the "Publish" button, click here to follow us on Twitter . To subscribe to RSS News Feed click here , for daily e-mail updates click here .If you liked the post, you might find these interesting too:
- Orange, T-Mobile merge in the UK to form the largest British mobile carrier ever
- Deutsche Telekom to buy Sprint and merge it with T-Mobile USA?
- Sony to buy Ericsson’s share in Sony Ericsson?
- FCC allows Verizon to buy Alltel – the new largest US mobile carrier is almost here
- Best Buy and The Carphone Warehouse Form New Venture
« Nokia to launch Chinese Ovi Store, TD-SCDMA smartphone by the end of 2009Samsung Announces 4 Low-End Models; The World Yawns »