Vodafone considering a bid for T-Mobile UK

Reports surfacing from London this morning suggest that Vodafone Group (VOD) is mulling over a bid for T-Mobile UK in hopes of creating a new UK mobile-phone giant.

Reportedly, T-Mobile has been put on the sales block by Deutsche Telekom (DT) with the Times of London reporting that DT has hired J.P. Morgan to shop the business. It is believed that T-Mobile is worth $4.11 billion to $5.6 billion. Supposedly, VOD is considering two options: an outright bid for the company or a joint venture.