May 01

T-Mobile UK apparently being pressured to merge or bust

Posted in: merger, t-mobile, TMobile, Today's Chili, uk

There’s not exactly a ton of details on this one, but it looks like Deutsche Telekom CFO Timotheus Hoettges caused a bit of a stir at the company’s recently shareholder meeting, where he reportedly suggested that T-Mobile UK would likely have to merge with another carrier or face the possibility of going bust. Specifically, Hoettges said that “in our view consolidation is a means to take excess capabilities out of the market,” adding somewhat ominously that “nothing is unthinkable on our side.” Of course, that immediately brings up the question of which carrier T-Mobile might merge with, and MarketingWeek suggests that one of the most likely suitors would be 3, which it currently ranked fifth in the UK market right behind T-Mobile, although O2, Orange, and Vodafone would no doubt also be in the running.

[Via Electronista]

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T-Mobile UK apparently being pressured to merge or bust originally appeared on Engadget on Fri, 01 May 2009 16:39:00 EST. Please see our terms for use of feeds.

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