UK-based operator JV Everything Everywhere could be bought by private equity house KKR, according to reports.

A €9.9 billion deal could be on the cards, the Sunday Times and Sunday Telegraph indicated, as parent companies Deutsche Telekom and France Telecom consider KKR's offer for the mobile and internet company, which operates 28 million mobile phones in the UK.

While talks are underway involving Virgin Mobile founder Tom Alexander and former Vodafone chief executive Arun Sarin, a deal is far from being concluded.

Everything Everywhere was formed two years ago when the Orange and T-Mobile networks were merged, saving Deutsche Telekom and France Telecom €4.3 billion in cost reductions.

It was recently revealed by France Telecom's finance director, Gervais Pellissier, that the company would consider floating a stake in Everything Everywhere.

It has been an eventful few weeks for Everything Everywhere, after it announced plans to spend €62 million training 12,000 staff to ensure stores and call centres have experts dedicated to specific devices and operating systems.