Deutsche Telekom has once again been forced to deny rumours that it is negotiating the sale of its troubled UK operation T-Mobile.
Since the beginning of the year there has been considerable speculation the German telecoms giant was trying to dump T-Mobile UK, with Orange, 3UK and an assortment of MVNOs and Middle Eastern ‘white knights' being nominated as buyers at different times. DT chief executive Rene Obermann fuelled the rumour mill by outlining plans to take the UK business forward whilst simultaneously talking of the need for consolidation in the overcrowded UK mobile market.
There is little doubt T-Mobile is a drain on its parent, which had to take a EUR1.8 billion writedown on the UK operation in the first quarter of 2009.
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