Wednesday 18 October 2017

AT&T says does not intend to bid for Vodafone

Mobile network Vodafone has proposed a sell-off of its US arm to Verizon
Mobile network Vodafone has proposed a sell-off of its US arm to Verizon

US mobile operator AT&T said today it did not intend to make a takeover offer for Britain's Vodafone, following months of speculation. AT&T said it was making the statement at the request of the British takeover panel.

AT&T, the second-largest mobile provider in the United States, had said there was a "huge opportunity" to invest in mobile broadband in Europe, sparking speculation that it would buy Vodafone, the world's second largest mobile operator with assets in Europe, India and Africa.

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