News by Michael Oryl on Monday June 29, 2009.
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Britain's Financial Times is reporting that Vodafone is considering the purchase of Deutsche Telekom's ailing T-Mobile UK unit. Such a move would thrust Vodafone's UK mobile business into the number one slot in the country with a combined 40 percent of the market share.
The FT is reporting that T-Mobile UK has a value in the US$4.2 billion to $5.6 billion range.
Quoting "people familiar with the situation", the FT reports that Vodafone has started investigating its options for putting together a buy offer, or even for setting up some sort of joint venture with T-Mobile UK.
Any deal that would combine Vodafone UK with T-Mobile UK would have to be approved by regulators, but the Financial Times suggests that said regulators might be inclined to allow the deal since the UK is the only major EU nation with 5 networks, and that other countries have dominant players with 40 percent market shares.