T-Mobile UK Update

9:30 AM -- On current form, T-Mobile (UK) is the most popular kid in the British mobile operator classroom -- everyone, it seems, wants to be its friend.

Initial media reports this week suggested that bankers had approached Vodafone Group plc (NYSE: VOD) about a potential acquisition of T-Mobile International AG 's British operation. (See Vodafone Mulls T-Mobile Bid.)

Now Telefónica UK Ltd. , part of Telefónica SA (NYSE: TEF)'s European operations, and even Orange (NYSE: FTE)'s British outpost, Orange UK , are being linked to all manner of M&A action. Check out this Bloomberg report for a quick update on the speculation.

Now all we need is for someone to suggest that BT Group plc (NYSE: BT; London: BTA) wants a piece of the action, to help make up for its strategically problematic lack of mobile assets, and we'll have some real fun!

— Ray Le Maistre, International News Editor, Light Reading

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