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Vodafone says no sales process for T-Mobile UK

There is no sales process in place for rival T-Mobile UK, Vodafone's chairman said amid persistent rumors that T-Mobile's parent Deutsche Telekom is trying to sell Britain's second-smallest mobile operator.

John Bond told shareholders at Vodafone's annual general meeting on Tuesday he could not comment further on the matter.

The chief executive of Telefonica's British arm O2 also said this month there was no formal process going on to his knowledge, although he told Reuters that Telefonica was watching developments at T-Mobile with interest.

T-Mobile UK has been struggling for years in Britain's crowded mobile market, where five operators compete for users in a population of about 60 million.

Deutsche Telekom says it is open to considering options for the business. It recently installed Richard Moat, a former Orange manager and turnaround expert, as managing director of its British operations. (Reuters)