Home
News
You are here

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

By Luis D.

Published: Jan 27, 2014, 2:47 AM

3comments

AT&T

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

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

However, Rule 2.8 of the UnitedKingdom's Takeover Code gives AT&T the right to announce orparticipate in an offer for Vodafone within six months after the dateof this announcement, January 27.

This turn of events certainly comes as asurprise, as the rumors around the sunken deal described it asalready in motion.

source: AT&T(PR)

Switch to Total 5G+ Unlimited 3-Month plan or Total 5G Unlimited and get a free iPhone.

We may earn a commission if you make a purchase

Check Out The Offer

View Full Bio

Luis D. has a multitude of news, features and review articles written for PhoneArena. He adeptly demystifies complex technology topics, such as the development of advanced materials for bendable device displays and the evolution of chipset manufacturing.