Broadband providers TalkTalk and O2 have been mooted as potential bidders for Tesco's mobile business, which looks set to be sold off by the supermarket giant.
With Tesco looking to focus on its core grocery business, after reporting pre-tax losses of £6.4 billion, its Tesco Mobile arm appears to be up for grabs.
The firm has already sold its fixed-line broadband and phone business to TalkTalk, along with its video-on-demand service blinkbox.
And the Financial Times believes Tesco may also look to cash in on its mobile arm, which could be worth hundreds of millions of pounds.
The company operates the UK's largest branded mobile service, accounting for more than four per cent of total UK subscribers.
Tesco currently provides services as a mobile virtual network operator using O2's UK network.
According to the news provider, some analysts see O2 as being a natural buyer for the business, should Tesco press ahead with a sale.
But TalkTalk could also be interested, having already taken over Tesco's home broadband customer base.