Telecom
Spain's Telefonica May Bid for T-Mobile UK
Spain's Telefonica(TEF) may enter the bidding for Deutsche Telekom's (DT) T-Mobile UK subsidiary, a report says.
Telefonica might make a move for Britain's fourth-largest mobile phone operator because of the prospect that its O2 unit could lose its top position in the U.K. if Vodafone(VOD) purchases T-Mobile UK, according to the Financial Times. The newspaper reported earlier this week that Vodafone, the world's largest mobile operator by revenue, is exploring an acquisition of T-Mobile UK, which has an estimated enterprise value of 3 billion euros to 4 billion euros ($4.2 billion to $5.6 billion). O2's market share in the U.K. is 27%, while Vodafone's is 25%. A Vodafone acquisition of T-Mobile UK would boost its share of the U.K. market to 40%, the Financial Times reports. Telefonica had no comment, but people familiar with the situation said the Spanish company was considering the case for bidding for T-Mobile UK. Its prep work on a bid was at an early stage, the newspaper reports.TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn MoreOptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn MoreReal Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn MoreStocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |


Connect with TheStreet