Business news for Mon, 31 Dec 2007 & with words mobile+phone. 3 news.

Vodafone chief executive Arun Sarin is in line for a £45m payout thanks to this year's turnaround in the mobile phone giant.

T-Mobile UK and 3 UK are combining their third-generation networks to save money.

Vodafone sought last night to play down suggestions that Arun Sarin, its chief executive, is set to reap a £45 million windfall from the turnaround in the mobile phone operator’s fortunes. Reports claimed that Mr Sarin’s potential windfall had been boosted by the 33 per cent jump in the company’s share price over the past year.