Vodafone considers buying T-Mobile

Mon, 29 Jun 2009

Vodafone, the largest mobile phone operator in the world, is considering making a bid approach for T-Mobile UK, which has, reportedly, been placed on the market.

Deutsche Telekom, T-Mobile's parent company has appointed JPMorgan to assess options for the underperforming UK business.

It has been estimated that T-Mobile's value is between £2.5bn and £3.4bn.

Vodafone has a market share of 25%, if it buys T-Mobile this will increase to 40%. O2 has a market share of 27% and is currently the biggest UK mobile phone operator. Orange has 22% and 3 owns 8% of the market.

The deal would see the newly combined company with about half of the UK market, or 35 million subscribers.

A deal, be it an outright sale or joint venture, will have to be approved by Ofcom, the industry regulator.

Vodafone's new chief executive, who joined last summer, has been on the look out for acquisitions in order to consolidate in the UK market. Mobile phone operator 3, has also been seen as a potential target.

Subscribe today to read and search all our news, premium articles, business sale listings and buy/sell resources.

Latest Businesses for Sale

Printers/ Stationers - Andover, Hants

Asking Price: 
Turnover:  £640,000

Digital printing specialists, commercial and retail stationers, lithographic printing and various ancilliary services. Freehold retail shop and long leased factory unit. Sale price includes all equipment and properties. NP £80k...

Hotel Accommodation - Folkestone

Asking Price: 
Turnover:  £500,000
Location: South East

Three Victorian houses joined together to form a luxury 8,500 sq. ft. facility. Includes reception, two lounges, four dining rooms, 16 en-suite bedrooms, music room, two kitchens, conservatory, bar, sauna, hot tub and more...

Suppliers of Souvenirs - Derbyshire

Asking Price: 
Turnover:  £1,200,000
Location: East Midlands

With over £60k worth of trading, the company has a very reputable name within the tourist and leisure market. Excellent potential...

View More Businesses for Sale >>