SCENARIOS - T-Mobile UK - Should it stay or should it sell?

By Nicola Leske and Kate Holton

FRANKFURT/LONDON (Reuters) - Poor performance by T-Mobile in Britain in the past quarter has fuelled speculation that parent Deutsche Telekom might sell the unit.

In the crowded British market, T-Mobile competes with mobile network operator 3, owned by Hutchison Whampoa, Telefonica's O2, France Telecom's Orange and Vodafone.

Deutsche Telekom kept speculation alive it might sell the business by saying it is reviewing all its options and that nothing is unthinkable.

Analysts estimate the unit would be worth about 3.2 billion pounds ($4.85 billion).

Following are three possible scenarios:

STAY AND GIVE NEW MANAGEMENT A CHANCE

T-Mobile UK has a new management team in place with Richard Moat, previously head of Orange Romania, succeeding Jim Hyde as managing director.