Report: AT&T looking to buy Vodafone for as much as $82 billion

Report: AT&T looking to buy Vodafone for as much as $82 billion
Vodafone and Verizon stockholders will be voting next Tuesday, on whether or not to approve the $130 billion USD deal between the two companies. Verizon Communications is buying the 45% stake in Verizon Wireless owned by the European telecom giant. Yes, it will go down as the biggest M&A deal of 2013 and will result in Vodafone shareholders receiving a special £54.3 billion ($84 billion USD) payout consisting of $24 billion in cash and the remainder in Verizon stock.

But there is some speculation again, that AT&T is about to plunk down as much as  £60 billion  ($82 billion USD) to buy what is left of Vodafone following the sale of its stake in Verizon Wireless. This was a deal that was tipped to take place this year, all the way back in November. AT&T Chairman and CEO Randall Stephenson met with EU telecom commissioner Neelie Kroes during the World Economic Summit in Davos and expressed AT&T's desire to be a major European player.

While AT&T has yet to approach Vodafone about a deal, sources from London's financial district say that the American carrier has been advised to hold off until Vodafone has completed its deal with Verizon. That is expected to happen on February 21st. Meanwhile, Stephenson and Vittorio Colao, Vodafone's Italian CEO, are scheduled to talk during MWC in Barcelona next month.

Sources say that AT&T has been working on the regulatory, financial and legal issues surrounding a bid and the company's investment bankers are waiting for the green light from AT&T's board. After the deal with Verizon closes, analysts expect a deal for Vodafone to come in between £50 billion and £70billion ($68 billion USD and $96 billion USD, respectively). Even after closing the deal with Verizon, Vodafone will be one of the top ten largest public companies in the U.K.

source: SkyNews via AndroidCentral

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9 Comments

2. gameday78

Posts: 48; Member since: Mar 17, 2012

no its all about market share... the US is locked up but global market share is wide open!

3. -box-

Posts: 3991; Member since: Jan 04, 2012

Bernoulli, Verizon is buying themselves out from Vodafone, so Verizon would be its own independent entity. After that is done, AT&T wishes to buy the verizon-free Vodafone, which would give AT&T their own established European-based arm. It would be quite the move to combat T-Mobile's free-roaming in over 200 countries outside the US, and bring in more revenue. I suspect more international telecom deals to follow, be it Verizon doing something like buying Orange or Deutsche Telekom, or perhaps any of China or India's large carriers stretching their grasp out of their borders.

10. facts&truth

Posts: 42; Member since: Jul 15, 2009

There is no way verizon could buy Deutsche Telekom. Its too big and they couldnt afford it if they wanted to. All Att will be trying to purchase, is the verizon divestments and certain other properties. Att cant buy a company as large as Vodafone. However Att could buy all of the verizon stock. In this world, it is possible.

15. a_merryman

Posts: 749; Member since: Dec 14, 2011

Verizon couldn't buy it after they buy the 45% stake in themselves from Vodaphone. But if they didn't have to do that they could. And AT&T could definitely buy Vodaphone, the American telcos are a lot more profitable, that is why VZW is buying its 45% stake in itself for $130 billion and AT&T is talking about a $90 billion deal for the rest of Vodaphone.

4. arturmeireles

Posts: 20; Member since: Jul 02, 2012

Would be cool to use Vodafone/AT&T in the USA with a european sim-card with no roaming fees :-) My vodafone plan let me use my phone anywhere in Europe without charging me roaming fees. Its like I was in my home country.

5. ajac09

Posts: 1482; Member since: Sep 30, 2009

Unless Verizon buys itself out the US wont recongize this.

7. Planterz

Posts: 2120; Member since: Apr 30, 2012

82 BILLION? My mind just broke trying to fathom that amount.

14. Jayshmay

Posts: 82; Member since: Mar 27, 2011

The fact that ATT has THAT much money proves how much their customers are being over charged!

9. corporateJP

Posts: 2458; Member since: Nov 28, 2009

Death Star is on the move again!

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