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

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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3 Comments

1. Droid_X_Doug

Posts: 5993; Member since: Dec 22, 2010

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

2. ajac09

Posts: 1482; Member since: Sep 30, 2009

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

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