Vodafone looking to buy T-Mobile UK?
By Ilinca Nita on 29 Jun 09T-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.
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