Venture would create UK’s largest mobile phone firm
Vodafone is considering making an offer for T-Mobile UK in a move that would create the UK’s largest mobile phone firm, according to a report in the Financial Times.
T-Mobile is owned by German firm Deutsche Telekom and reports suggest it is keen to get out of the crowded UK mobile phone market, which is one of the most competitive in Europe. T-Mobile currently enjoys a 15% share of the UK market, with Vodafone on 25%.
The FT reported that Deutsche Telekom has installed JP Morgan to advise it on its options. Any potential deal is likely to face heavy scrutiny from regulators in the UK, the paper said.
Vodafone is the world’s largest mobile phone firm by revenue. Its latest financial results revealed Group revenue of $41bn, up 15.6%. Operating profit jumped 16.7% to £11.8bn before impairment charges, but those charges totalled £5.9bn, primarily in respect to operations in Spain, the Group said.
The firm also outlined a £1bn cost reduction scheme.
Both companies have so far declined to comment on the story.
Related News and Insight
Related NewsCommunications> Mobility
Technology News
Communications> Telecoms
Related Dates
2009> June
Related Industries
Technology> Services> Communications> Mobile
Technology> Hardware> Telephony, Network and Data Infrastructure
Latest News
Intelligence
GBI Research’s report “Flash Memory Market to 2020 - Heading towards a Solid Recovery Driven by Sales Growth of Tablet PCs, Smart Phones and Digital Cameras” provides the key information and analysis on the market opportunities in Flash Memory industry. The report covers the latest information on the revenue of Flash Memories, both NAND and NOR segments. The report covers the key market trends for a wide range of Flash memory applications that include computing, communication, consumer electronics, automotive and industrial sectors. The report also provides market share analysis of major Flash memory vendors. It also provides an analysis on the basis of geography up to 2020. Reports Buy online from $3500
Suppliers Directory
See more
Systems & Networks Desktops Servers Storage Networking Virtualisation Security Micro Electronics
Communications Telecoms Unified Communications Mobility
Services IT Services Outsourcing and BPO
The CIO Agenda The Boardroom Green IT Midmarket IT


Comments may be moderated for spam, obscenities or defamation.