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AT&T Says no to Vodafone Purchase

Jan 27 2014, 10:33am CST | by , in News | Mobile Phones

AT&T waves off Vodafone for at least six months

AT&T Says no to Vodafone Purchase
Reuters
 
 

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AT&T Says no to Vodafone Purchase

Rumors have been circulating for a while that AT&T was looking to purchase European wireless company Vodafone. Talk of an AT&T purchase first began to surface when Vodafone sold off its shares in Verizon in the US.

AT&T recently told the British Takeover Panel that it did not intend to buy Vodafone for at least the next six months reports Reuters. The announcement sent shares in Vodafone tumbling 6% in trading. AT&T could come back to the purchase table if certain outside conditions are met.

That outside condition is if a third party steps into the fray in an attempt to buy Vodafone. Analysts think that AT&T stepped away from the potential purchase due to the intense competition in the European mobile marketplace driving down prices.

"AT&T notes the recent speculation regarding a potential transaction involving Vodafone Group Plc," it said in a short statement. "At the request of the UK Takeover Panel, AT&T confirms that it does not intend to make an offer for Vodafone."

 

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<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Leading our review center, Shane McGlaun (Google) knows technology inside out. His extensive experience in testing computer hardware and consumer electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
Shane can be contacted directly at shane@i4u.com.

 

 

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