Vodafone considers buying T-Mobile UK

June 29, 2009 at 10:17 AM

LONDON, June 29 (UPI) -- British telecommunications giant Vodafone is considering either a partnership or an acquisition of rival T-Mobile UK, a source close to the discussions said.

Although in a crowded market with five major players, Vodafone is the largest British phone operator with 25 percent of the market share. Although smaller, T-Mobile UK's 15 percent market share would give Vodafone a substantial jump ahead of the rest of the pack, The Times of London reported Monday.

T-Mobile's owner Deutsche Telekom is understood to be looking for an exit from the British market, The Times said.

T-Mobile UK is said to be worth between $4 billion and $5.6 billion.

Related UPI Stories
Latest Headlines
Trending Stories
Walgreens to sell heroin overdose antidote naloxone without prescription
Hospital mortality drops with lower patient-to-nurse ratio
Kanye West under fire after Bill Cosby tweet
Plus-size model Ashley Graham nabs Sports Illustrated swimsuit spread
IKEA issues recall after glass ceiling lamps crash to ground