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Friday, May 1, 2009

T-Mobile UK could be sold or merged, says FT

The Financial Times says T-Mobile’s recent poor UK results have increased pressure on its parent company to take action soon. Deutsche Telekom, which owns T-Mobile, issued a profit warning last week after reporting a drop in UK revenue. The FT says Deutsche Telekom shareholders, which include the German government and provate equity group Blackstone, want a quick decision about whether or not T-Mobile UK will be sold or merged – or whether DT will take other action to maintain its UK presence. [FT.com]

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