AT&T is Interested in the European Market, Exploring a Potential Vodafone Takeover


AT&T needs a bit of the European wireless market, and acquiring Vodafone may be the ticket. Bloomberg reports that AT&T is as of now "mapping out a strategical technique" to buy the titan European telecom organization, and as of recently deciphering how it might supervise Vodafone's European operations. Obviously, the company hasn't yet been plagued by European authorities worried about AT&T's role in the PRISM surveillance scandal.

AT&T's deal isn't sure yet, and Bloomberg says that a transaction would not emerge until 2014 in any occasion: that is when Vodafone will be free of its $130 billion stake in Verizon Wireless. The publication likewise says that AT&T is additionally recognizing UK carrier EE as an "alternative target." Still, it appears as though Vodafone is AT&T's primary objective.

The company have apparently been in talks for quite a while. Initially, Verizon and AT&T were supposed to collaborate on an offer for Vodafone, with Verizon retrieving Vodafone's stake in Verizon Wireless, and AT&T taking control over the organization's European business.

Verizon denied that rumor and managed to purchase the stake without AT&T's assistance, however come 2014 we may wind up with literally the same result. However, Bloomberg reports that Vodafone is additionally making plans to put resources into landline communications, which a Bloomberg source initially said might turn AT&T off a potential deal.

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