T-Mobile UK in crisis
Operator to be forced into merger or sale
1 May 2009 17:03 GMT / By Amy-Mae Elliott
While T-Mobile UK is busy organising singalongs in central London, it seems the company is under serious threat of being forced to merge or - worse still for customers - being sold off.
The operator, described as "under performing", is suffering from such losses that parent company Deutsche Telekom's two main shareholders, the German government and Blackstone, are pressing for a quick decision on a sale.
With no clues as to what might happen to existing customers, T-Mobile's UK division may merge with a rival (with next along the food chain 3 mooted as a good option by commentators) or even sell off its assets if it can't recover from losses, its CFO said at a shareholders meeting.
The Financial Times insider source states that the German government and Blackstone want "a quick decision [from executives] about fixing the UK", so expect more news very soon.
Latest in Biz
Latest on Pocket-lint.com
-
AUDIO ACCESSORIES
Win A TomTom XL Live
-
HARDWARE
Apple's First Store In France Opens
-
SOFTWARE
Skype And Joltid Settle
PHONES
HTC HD2 mobile phone Does Windows Mobile finally make Sense?
PHONES
Best iPhone tariffs: O2 vs Orange Which contract is the right one for you?
HARDWARE
Dell Adamo XPS laptop - First Look Have corners been cut to get it this thin?




Comments