Vodafone Mulls T-Mobile Bid
The Financial Times reports that Vodafone Group plc (NYSE: VOD) is sizing up T-Mobile (UK) for a potential bid or joint venture. A combination of the two operators would create an operator with some 40 percent market share, surpassing the market's current leader, Telefónica UK Ltd. , which has a market share of 27 percent, according to this Reuters report.
T-Mobile sparked some speculation earlier this year when it brought in a new management team in the U.K. to "reposition the company." (See T-Mobile Preps UK Revamp, Downturn Smacks Deutsche Telekom , Orange Denies T-Mobile Bid, and VOD, O2 to Share Networks?)
— Michelle Donegan, European Editor, Unstrung