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: 5908; 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: 81; Member since: 30 Mar 2012)
This says $115 Billion:
ustries/2014/01/27/att-rules-out-vodafone-bid-for-now-2019675994/?fb_action_ids=1020 3162790453534&fb_action_types= og.likes&fb_source=other_multi line&action_object_map=%5B2524 90074920913%5D&action_type_map =%5B%22og.likes%22%5D&action_r ef_map=%5B%5D