Deutsche TeleKom Starts Talks To Sell T-Mobile UK -FT
September 03 2009 - 2:38PM
Dow Jones News
Deutsche Telekom (DT) has started talks with Vodafone (VOD),
France Telecom (FTE.FR), and Telefonica S.A. (TEF) about selling
T-Mobile UK, The Financial Times reported Thursday, citing people
familiar with the situation. Talks, however, are understood to be
at a preliminary stage, and a merger between T-Mobile UK and France
Telecom's Orange UK is still being discussed. People on the
Deutsche Telekom side said significant progress could be made by
mid to late-October, but other people close to the potential
bidders said closing any deal would take longer. Representatives of
the companies declined to comment.
Full story at
http://www.ft.com/cms/s/0/cdd3e664-98ae-11de-aa1b-00144feabdc0.html?nclick_check=1
-Dow Jones Newswires; 212-416-2900