France Telecom and Telefonica linked with T-Mobile UK purchase

30 Jun 2009

The T-Mobile UK rumour mill continues today with reports appearing in German newspaper Handelsblatt, quoted by Bloomberg, suggesting that France Telecom (FT) and Telefonica may be interested in acquiring the Deutsche Telekom (DT) subsidiary. The newspaper claims that FT has already made a bid for the cellco. It also cites an unidentified source from DT’s supervisory board as saying that although the timing is bad for a sale, it won’t ‘throw away’ T-Mobile UK for less than EUR3.5 billion (USD4.9 billion).

United Kingdom, Deutsche Telekom (DT), Orange Group, T-Mobile UK, Telefonica