T-Mobile Facing Sell Off
T-Mobile, one of the largest mobile broadband and Wi-Fi hotspot providers in the UK, could be soon under the ‘for sale tag, if some Financial Times reports are to be believed. According to the reports that have been published in the Financial Times, the parent company of the mobile broadband provider operating in the UK, Deutshe Telecom could be under tremendous pressure exerted by a couple of its two major shareholders to sell up the assets.
The German government, as well as Blackstone, a private equity firm have been reported to be terribly unhappy with the performance of the mobile broadband firm’s UK division that, they are constantly applying pressure on the broadband UK mobile supplier to seel the assets off with a view to boost the predominant business.
However, the sale of the company’s assets in the UK would not be that comfortable as well, mainly because the mobile market of the Uk is well covered and more importantly the premises in the context are subject to a rather weak pound. One company that has been severely hit by this fiasco is Tiscali ISP, which simply has not been successful in finding a good buyer for their UK assets in the UK, yet.
Even in the circumstances, T-Mobile can consider itself fortunate for having a good network sharing partner in 3 Mobile, who can conveniently take over the assets with zest, especially for the reason that the latter does not possess a 2G mobile broadband network of its own. Here, this situation that has evolved may surprise many as it was widely believed until recently that T-Mobile could be the one to take over 3′s assets.
