Rivals locked in €4bn battle for T-Mobile

Mobile phone operators Vodafone and O2 are understood to be locked in a £3.5bn (€4bn) bid battle for rival T-Mobile UK, it was reported today.

Both Newbury-based Vodafone and O2, which is owned by Telefonica Spain, are reported to have bid £3.5bn for the group, which has been put up for sale by its German owner Deutsche Telekom, according to the Sunday Times newspaper.