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Report: AT&T exploring Vodafone takeover as soon as next year

  • AT&T (T +0.2%) has stepped up work on a strategy for what would be a complex and expensive deal, says Bloomberg, in part trying to identify which assets it would retain and who would be buyers of the businesses to be spun off.
  • The combined AT&T and Vodafone (VOD +2.3%) would have a market cap in excess of $250B, huge operations here and across the pond, and more than 500M wireless subscribers, giving it the scale to challenge Google and Apple when negotiating cell phone subsidies, and squeezing out profits from rising technologies like mobile advertising.
  • Any deal, of course, would have to wait until Vodafone closes the sale of its Verizon Wireless stake, expected to occur early next year.
Comments (11)
  • wigit5
    , contributor
    Comments (4120) | Send Message
     
    To big to function?
    31 Oct 2013, 03:44 PM Reply Like
  • Energysystems
    , contributor
    Comments (1137) | Send Message
     
    Nah. In fact, I think it's the most logical move, if they are truly looking to globalize. Why go about piecemeal acquisitions and bolt on's that would all have be assimilated? Get out the elephant gun, and a global footprint of 400M+ subscribers all at once!
    31 Oct 2013, 04:19 PM Reply Like
  • Energysystems
    , contributor
    Comments (1137) | Send Message
     
    Where there's smoke...
    31 Oct 2013, 03:48 PM Reply Like
  • tyzo
    , contributor
    Comments (36) | Send Message
     
    VOD, a true "two fer"! 2014 will be interesting. Cash and VZ shares for the vz wireless, and who knows what AT$T will throw at it? I'm long VOD.
    31 Oct 2013, 04:06 PM Reply Like
  • tyzo
    , contributor
    Comments (36) | Send Message
     
    VOD, a true "two fer"! 2014 will be interesting. Cash and VZ shares for the vz wireless, and who knows what AT$T will throw at it? I'm long VOD.
    31 Oct 2013, 04:25 PM Reply Like
  • Debutant
    , contributor
    Comments (2268) | Send Message
     
    Well, one windfall coming from VZ and then a second from T would make the year 2014 a very good one for this particular VOD shareholder.
    31 Oct 2013, 05:56 PM Reply Like
  • Ralphael De La Ghetto
    , contributor
    Comments (2) | Send Message
     
    I'm long T, I would love for this to happen. Just keep that dividend rolling!!!
    31 Oct 2013, 09:42 PM Reply Like
  • Derek A. Barrett
    , contributor
    Comments (3534) | Send Message
     
    Love it ! Long VOD one of the best buys ever
    31 Oct 2013, 11:49 PM Reply Like
  • Walter P. Chrysler
    , contributor
    Comments (300) | Send Message
     
    why would they do that when they could be deploying network security for self driving vehicles? "deals for deals sake" are not what i would want to hear if i were an AT&T shareholder. "concierge service" is what they need to selling...in my view. something along the lines of "we'll get you there" or something.
    1 Nov 2013, 12:18 AM Reply Like
  • Energysystems
    , contributor
    Comments (1137) | Send Message
     
    Everybody has a mobile phone. How many folks have self driving vehicles? As a shareholder, I'd rather be interested in money making ventures as opposed to profitless Google-esque side projects that burn capital without return.
    1 Nov 2013, 10:22 AM Reply Like
  • wigit5
    , contributor
    Comments (4120) | Send Message
     
    @Energysystems, I agree mostly although doing some early work to get ahead of compeitors on security for self-driving cars might not be a terrible idea...

     

    In 10 years self driving cars will probably be a niche for the rich, and in 20 possibly mainstream. Barring to much government intervention. unfortunately in 20-30 years truck drivers, mass transportation personnel may all be looking at pink slips or reduced wages...
    1 Nov 2013, 10:29 AM Reply Like
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