Spain's Telefonica May Bid for T-Mobile UK

Spain's Telefonica(TEF Quote) may enter the bidding for Deutsche Telekom's (DT Quote) 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 Quote) 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). ...