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)
1. Droid_X_Doug (Posts: 5624; Member since: 22 Dec 2010)
$84 B U.S. seemed a bit steep. I guess AT&T believed it was over-priced as well.
2. ajac09 (Posts: 1367; Member since: 30 Sep 2009)
Second time this rumor has happened second time it was killed.
3. Beholder88 (Posts: 80; Member since: 30 Mar 2012)
This says $115 Billion:
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