T-Mobile parent Deutsche Telekom is under pressure
from its two main shareholders to sell the UK business, according to reports.
According to the Financial Times, the German Government and private equity group Blackstone are
concerned over the state of T-MobileUK, which became the first UK operator to
issue a profits warning last month.
Sources told the newspaper that the idea was fist aired around six months
ago, but was scrapped after falling asset valuations made the shareholders more
cautious about a sale alone. An alternative is thought be a merger or
acquisition deal with a UK
Times said one option would be to merge with its network share partner 3 –
a move that has long been seen as a possible fit.
issued its profits warning last month, the company said UK revenue is down around 21% year-on-year for
the first quarter of 2009 and citied weakness in the US,
the UK and Poland, caused by economic conditions and
management changes in the UK.
executive Richard Moat is set to join T-Mobile as its new UK managing director.