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O2 Moves to Retain Position in UK’s Mobile Market

O2 Moves to Retain Position in UK's Mobile MarketA report from the Financial Times suggested that O2 may be moving fast to keep its ground in the mobile market as talks of T-Mobile acquisition float around.
 

At present, O2 holds 27 percent of the UK market, but the numbers will definitely go up once the company triumphs its bid to own T-Mobile UK.  Should this happen, O2 will own a whopping 40 percent of the mobile market in the UK.

 

Deutsche Telekom, owner of T-Mobile, announced plans of putting its UK office into auction. The firm is valued at €3bn to €4bn (£2.6bn to £3.4bn).

 

There are speculations that France Telecom is interested to team up with T-Mobile, which could be a threat to O2’s bid.

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