Jul
3
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7/3/2009 8:10 AM
German telecoms giant Deutsche Telekom, is looking to swap its loss-making unit T-Mobile UK for an asset in another country, the FT reported on Friday.Quoting sources familiar with the matter, the FT said a swap was considered a "preferred option" to selling the unit outright or merging it with a British rival.But although trading T-Mobile UK for a unit such as Vodafone Turkey -- the country's second biggest mobile operator there -- might be an ideal solution for Deutsche Telekom, it was not certain that Britain's Vodafone was interested."There are also other assets in central and eastern European countries that would help (Deutsche Telekom) shore up its position in markets in which it is already active," one of the sources said.Deutsche Telekom is active in 15 countries in the region, including Austria and Greece, the report said.Meanwhile, Vodafone and Telefonica are mulling bids for T-Mobile UK, which could be worth at least 3.0 billion euros (2.56 billion pounds), a source told the paper.
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