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30 Jul 2009
Vodafone appears to have shelved any plans to buy ailing network operator T-Mobile.
Vodafone chairman Sir John Bond said in response to a direct question at the firm's annual general meeting on Tuesday that he was "not aware of any sales process going on", according to a Vodafone spokesman.
Persistent rumours have connected O2 and Vodafone with the possible acquisition of T-Mobile, which is part of the Deutsche Telekom group.
O2 is currently the largest player in the UK market with a 27 per cent share, and Vodafone is just behind with 25 per cent. This means that an acquisition of T-Mobile, which has 15 per cent, would boost either company into an almost unassailable lead.
Orange has a 22 per cent market share but has denied any interest in doing business with T-Mobile, which has struggled financially in recent months.
Matthew Key, European chief executive at O2 parent Telefónica, has also gone on record as saying that he would be "interested" in buying T-Mobile.
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