Vodafone eyes T-Mobile UK bid
The UK mobile operator is looking at the case for acquiring its rival which has an estimated enterprise value of €3bn-€4bn
Source: ft.com
Comments
Simon James, Gore Browne Investment Management, 2009-06-29 09:48:18
We remain positive about the prospects for Vodafone, which generates very high levels of cash flow. It is able to use its excess cash to acquire weaker competitors, which in turn boosts its trading position by reducing competition and growing market share.