Deutsche Telekom seeks bidders for T-Mobile UK

GERMAN telecoms giant Deutsche Telekom has entered talks with Vodafone, France Telecom and Spain&rsquo;s Telef&oacute;nica to sell its struggling British unit T-Mobile UK, sources said last night.<br /><br />All three firms are understood to have shown an interest in the unit, for which Deutsche Telekom hopes to net up to &euro;4bn (&pound;3.5bn).<br /><br />One option could see France Telecom&rsquo;s Orange UK merged with T-Mobile UK, but discussions are still in preliminary stages.<br /><br />Deutsche Telekom hired JPMorgan earlier this year to sound out potential bidders for the unit, which has weighed on overall group profits.<br /><br />The move was instigated by Deutsche Telekom chief executive Ren&eacute; Obermann, who has been disappointed by the unit&rsquo;s poor performance.<br /><br />However, sources close to Vodafone suggested last night that the asking price for the unit was likely to be too high for the company to pursue its interest.<br /><br />Deutsche Telekom was unavailable for comment last night.