[Ben]

http://www.theregister.co.uk/2005/08/15/o2_bid_dead/


Mobile operator O2 has denied any knowledge of a reported €20bn takeover bid for the company, concocted by Deutsche Telekom and Dutch operator, KPN.

An O2 spokesman told us: "We are not in talks, and we haven't been approached."

However the Financial Mail says unnamed senior executives at the company were aware of the negotiations between Deutsche and O2, and that they were concerned the deal would have broken up the company along country lines.

The bid was nixed this weekend, according to a Sunday Times report, after KPN and Deutsche Telekom, T-Mobile's parent company, failed to come to an agreement over the structure of the offer.

The paper says that the deal, which would have valued the company at around £13bn, or 160p per share, it could yet be revived, quoting "sources familiar with the talks".

Rumours about a proposed bid for the operator have been "circulating for months", the O2 spokesman told us. "There has been speculation ever since we were spun out of BT," he said.

All's quiet for now then... for now...

[solo12002]

I hope so, let sleeping dogs lie.

I for one belive o2 is working away in the background on loads of things, their 3 g network is just comming on line, they have some good ideas, like monthly sim contracts.
I hope no one taks them over.

[3g-g]

I hope so, let sleeping dogs lie.

I for one belive o2 is working away in the background on loads of things, their 3 g network is just comming on line, they have some good ideas, like monthly sim contracts.
I hope no one taks them over.

Couldn't agree more. I've always had a thing for O2, back in the Cellnet days they were my first network, it's like a bond we still have... even though I've been to all the others! I still keep an O2 PAYG SIM with me in my bag for emergencies.

It'd be a shame to see yet another UK telco swallowed up by some other network from the wrong side of the channel. However I'm not sure where Deutsche Telekom would stand with their interest in TMob? Would this be against the UK licencing laws?