Vodafone mulls T-Mobile UK bid - FT

LONDON, June 29 (Reuters) - British mobile phone operator Vodafone Group Plc VOD.L is considering a bid for T-Mobile UK, even though any deal could be stopped by regulators, the Financial Times reported on Monday.

Vodafone, the world's largest mobile phone firm by revenues, is also looking at the possibility of a joint venture with T-Mobile UK, which is owned by Deutsche Telekom AG DTEGn.DE, the paper said, citing people familiar with the situation.

T-Mobile UK has an enterprise value of between 3 billion and 4 billion euros ($4.2 billion-$5.6 billion) and buying it would make Vodafone the leader in the UK mobile phone market with a market share of about 40 percent, the FT said.

O2, owned by Spain's Telefonica SA TEF.MC, currently leads the British market with a market share of about 27 percent.

No one at Vodafone or Deutsche Telekom was immediately available to comment.

The paper said the two companies had both declined to comment. ($1=.7115 Euro) (Reporting by Victoria Bryan; Editing by Phil Berlowitz)