I think there's been a lot of poker-playing going on over this, but a merger of the two smallest UK providers doesn't mean they're going to retain that customer base if they merge. Funnily enough, it's rather like the merger of Vodafone and 3 in Australia.
ANother thing going on in Poland is that the Polish shareholders now explicitly want to exit Polkomtel (=Plus) but for the first time ever, "sources say" Vodafone doesn't want to increase its stake. I don't believe this for a minute. It presumably means they think the price the other shareholders want is too high. Of course, now that they won't be buying TMO UK, they might have more cash than planned to do so.
http://www.easybourse.com/bourse/act...0133308-725527