toggle

AAPL Stock: 112.92 ( + 3.23 )

Printed from http://www.macnn.com

Vodafone considering T-Mobile UK buyout?

updated 08:15 am EDT, Mon June 29, 2009

Vodafone May Buy T-Mo UK

An apparent leak late Sunday suggests that Vodafone may be interested in buying T-Mobile's British division. Reported sources for FT have the former either buying the smaller UK carrier or else establishing a joint venture. The deal would be possible thanks to T-Mobile's widely rumored dire financial state, which may have left the company with little choice but to look for a partner.

While Vodafone is already near-tied with O2 in the British market with a full quarter of all customers, analysts believe UK regulators like Ofcom may be willing to allow such a deal to match conditions in France and Spain, where one carrier has a clear advantage over others but is still small enough to avoid monopoly status. Vodafone itself also recently merged operations with relatively small-scale carrier 3 in Australia and may be willing to negotiate similar deals elsewhere.

Neither of the involved companies has commented on the authenticity of the story.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

Wren V5US Wireless Sound System

If you're a music fanatic, chances are you are, by extension, a bit fanatical about what you listen to your music on. If you're like ...

toggle

Most Commented