Vodafone 'mulls bid for T-Mobile'

[Rande273]

Mobile phone operator Vodafone has declined to comment on a report that it is considering buying T-Mobile UK.

The Financial Times reported that the company was interested in acquiring T-Mobile's UK operations, even though a deal may be blocked by regulators.

Any such move would make Vodafone the biggest mobile operator in the UK, with a 40% market share.

Vodafone has a 25% share of the UK market, behind O2. T-Mobile, owned by Deutsche Telekom, has a 15% share.

Deutsche Telekom has appointed JP Morgan to advise on "strategic options", the newspaper said. Deutsche Telekom said it did not comment on market rumours.

Shares in Vodafone were up 0.6% by mid-afternoon.

[henrywilliams]

Well T mobile is a leading brand in UK as well as in most part of the world. Also if Vodafone overtake T mobile then it surely beneficial for both companies.