Ron Burgundy Posted January 27, 2014 Share Posted January 27, 2014 By Kate Holton and Sophie Sassard LONDON (Reuters) - U.S. mobile group AT&T has ruled out a bid for Britain's Vodafone for now, with banking sources saying a U.S. spying scandal and a surge in European telecom shares may have disrupted a deal that many think could still happen. AT&T, the second-largest U.S. mobile operator, sparked speculation it could be interested in a potentially 70 billion pound-plus ($115 billion) deal for Vodafone after its chief executive said in October there was a "huge opportunity" in Europe to invest in mobile broadband. However, after weekend news reports it had met European regulators to sound them out about a deal, AT&T was asked by Britain's takeover watchdog to clarify its position and said in a brief statement on Monday it did not intend to make a bid. The statement means AT&T cannot make an offer for at least six months, unless Vodafone invites it to do so or a third party enters the fray. View the full article Quote Link to comment Share on other sites More sharing options...
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