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AT&T officially has no intention to bid on Vodafone at this time

Posted: , by Luis D.

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AT&T officially has no intention to bid on Vodafone at this time

USA's second largest wireless carrier, AT&T, officially refuted the widely circulating rumors that the company is looking to buy British telecom Vodafone for as much as $82 billion (£54.3 billion). In a statement released today, AT&T confirmed that "it does not intend to make an offer for Vodafone".


However, Rule 2.8 of the United Kingdom's Takeover Code gives AT&T the right to announce or participate in an offer for Vodafone within six months after the date of this announcement, January 27.


This turn of events certainly comes as a surprise, as the rumors around the sunken deal described it as already in motion.


source: AT&T (PR)

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posted on 27 Jan 2014, 04:25

1. Droid_X_Doug (Posts: 5921; Member since: 22 Dec 2010)


$84 B U.S. seemed a bit steep. I guess AT&T believed it was over-priced as well.

posted on 27 Jan 2014, 07:30

2. ajac09 (Posts: 1367; Member since: 30 Sep 2009)


Second time this rumor has happened second time it was killed.

posted on 27 Jan 2014, 08:37

3. Beholder88 (Posts: 81; Member since: 30 Mar 2012)


This says $115 Billion:

http://www.foxbusiness.com/industries/2014/01/27/att-rules-out-vodafone-bid-for-now-2019675994/?fb_action_ids=10203162790453534&fb_action_types=og.likes&fb_source=other_multiline&action_object_map=%5B252490074920913%5D&action_type_map=%5B%22og.likes%22%5D&action_ref_map=%5B%5D

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