Rival drops out of race for O2

The prospect of a bidding war for telecoms giant O2 receded today after the owner of T-Mobile ruled out joining the race.

Rival drops out of race for O2
Wed, 02 Nov, 2005 - 10:05

The prospect of a bidding war for telecoms giant O2 receded today after the owner of T-Mobile ruled out joining the race.

Deutsche Telekom said it will not make a rival bid for the UK firm following the recommended offer of £17.7bn (€26bn) by Spanish operator Telefonica.

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