From Yahoo...

FRANKFURT (Reuters) - Vodafone (VOD.L) does not consider the time right for an acquisition of T-Mobile USA, a unit of Germany's Deutsche Telekom (DTEGn.DE), Vodafone's chief executive was quoted as saying in a German newspaper interview.

Arun Sarin told Welt am Sonntag, "This would not be a good time. T-Mobile is the last of four competitors and it does not have a third generation mobile network. This is a difficult situation."

Deutsche Telekom has asked fund managers in recent months whether they would back it spending as much as $10 billion on launching 3G services in the United States, or if they would prefer it to sell off the unit.

It has told investors it will make a decision by the end of the year.

Sarin said that there were no plans currently to sell Arcor, Vodafone's fixed-line unit in Germany.

"That is not our core business. It is not planned currently to sell Arcor. But it is unlikely that it will still belong to us in five years' time," he said.

Sarin said Vodafone was satisfied with its participation in Verizon Wireless, a venture with Verizon Communications (NYSE:VZ - news) in the United States, in the medium term, and that there were no plans to sell its stake.

"We have a stake over there in a market leader. That is a very good investment," he said.