Vodafone Was Plotting to Buy Broken Phones 4U

By Gary Cutlack on at

Vodafone and mobile rival EE were both considering a joint takeover of failed mobile retailer Phones 4U, it's claimed, with the pair thinking about buying the shop chain earlier this year.

According to Sky News, Vodafone, EE and their legal advisors were talking to Phones 4U back in June, with Vodafone even considering the option of a solo acquisition should EE have decided against the deal. Obviously nothing happened as Phones 4U has now exploded, with Vodafone saying the plug was pulled due to legal advice, saying: "For regulatory and commercial reasons the acquisition of Phones 4U was not an option."

The chain's founder, meanwhile, told the Guardian the situation the company found itself in was "astonishingly ruthless", with the networks refusing to supply it to force users to buy more expensive contracts direct and its current owners saddling it with masses of debt. [Sky]