Matthew Key, boss of O2, is in the eye of the storm raging in Britain’s mobile phone industry after it emerged that T-Mobile’s UK operation is up for sale with a £3bn price tag.

“We are watching developments closely, but if you’re asking me whether it’s consuming my time day and night, the answer is no,” he says. The 46-year-old plays the innocent bystander when he says he does not even know if JP Morgan, the bank acting for T-Mobile, has put out an information memorandum setting out details of the sale. But the industry is awash with gossip of a showdown between O2 and Vodafone, the mobile phone operators viewed as the most likely bidders.

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www.guardian.co.uk/business/2009/jul/05/t-mobile-o2-matthew-key