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Friday, Aug 30
AT&T would be intersted in Vodafone post-Verizon deal
- AT&T (T) would reportedly be interested in buying assets that remain as part of Vodafone (VOD) should the U.K. carrier sell its 45% percent stake in Verizon Wireless to Verizon Communications.
- However, AT&T is only interested in Vodafone's cellular business and would be put off should the latter continue to expand in the wire-line sector. It recently agreed to acquire Kabel Deutschland for $10B.
- AT&T is attracted to Europe, where it's been considering acquiring assets for a while, due to the relatively recent introduction of 4G. Vodafone would be particularly enticing given the large amount of cash it would receive for its Verizon Wireless holding.