Written by: Editor
6/29/2009 7:55 AM

Mor­e rumours about the future of T-Mobile UK emerged today in The Times newspaper with a report that Vodafone is considering making an offer to buy the company. T-Mobile and Vodafone declined to comment last night. However, one source close to the situation told The Times that Vodafone was examining its options.Last month, it was rumoured that France Telecom's Orange has put in a bid for the company, although this was later denied.T-Mobile's parent company, Deutsche Telekom is understood to have been coming under pressure to sell the UK arm of T-Mobile due to ongoing poor performance at the mobile network. The German company's management, however, believe new UK chief executive Richard Moat should be given the time to resuscitate it, so as to avoid a fire sale.In it's quarterly results, Deutsche Telekom wrote down by EUR 1.8 billion (US$2.4 billion) the valuation of T-Mobile UK - giving it a book value of around US$5.3 billion.Based on figures from the Mobile World analysts, a merged Vodafone/T-Mobile UK would have a subscriber base of around 35.4 million, and a market share of 43%.

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