Bloomberg: AT&T still eying Vodafone


Though it recently gave up the opportunity to make a bid for Vodafone (VOD +1.9%) within the next six months, AT&T (T -1.6%) remains interested in a possible deal for the giant international carrier, sources tell Bloomberg.

The news service adds AT&T's recent decision came after U.K. regulators demanded the company either deliver a formal bid for Vodafone within 28 days on account of ongoing reports, or walk away for six months. Ma Bell reportedly chose the latter in order to avoid "negotiating under such a tight deadline and because of the possibility of exemptions from the moratorium."

Vodafone shares have caught a bid on the report, which comes a day after AT&T beat Q4 estimates, but also reported soft subscriber adds and forecast a ~19% 2014 free cash flow decline.

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Comments (4)
  • Tradevestor
    , contributor
    Comments (5014) | Send Message
     
    T might be eyeing Vodafone but value and dividend investors are perhaps eyeing T here :) http://seekingalpha.co...
    29 Jan 2014, 12:24 PM Reply Like
  • CLUB 198
    , contributor
    Comments (105) | Send Message
     
    ...and this is news...because???
    Anyone who listened to the conference call yesterday understands why T took the position they did on Vodafone and anyone who witnessed the (in my view) misguided over-reaction to yesterday's report can understand why they remain interested...I just hope for inverstors (like me) sake it is for the right reasons
    29 Jan 2014, 12:34 PM Reply Like
  • piano man
    , contributor
    Comments (70) | Send Message
     
    If you have T swap for Vod may end up with better results
    29 Jan 2014, 01:05 PM Reply Like
  • notta lackey
    , contributor
    Comments (131) | Send Message
     
    They can still do a voluntary deal. Just a way to talk down VOD stock. Smart negotiating.
    31 Jan 2014, 11:28 AM Reply Like
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