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Report: AT&T wants a mobile-focused Vodafone

  • Dow Jones reports AT&T (T -1%), long rumored to be weighing a bid for Vodafone (VOD -1.1%), isn't thrilled with Vodafone's efforts to grow its cable assets via M&A, and would prefer the company focus on mobile.
  • Vodafone, which just closed the Verizon Wireless deal, has been eying European wireline carriers as part of an effort to offer an end-to-end suite of telecom services in EU markets.
  • The company gobbled up German cable provider Kabel Deutschland last year for $14.2B, and reportedly made a failed bid this year for Spanish cable giant ONO. There have also been rumors Vodafone is open to a bid for U.K. satellite TV/broadband provider BSkyB.
  • Last month, AT&T gave up the opportunity to bid on Vodafone for six months, but is still reportedly open to making an offer afterwards.
  • Vodafone shares have ticked lower on the report.
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Comments (8)
  • Mikie713
    , contributor
    Comments (532) | Send Message
     
    ATT should put up some cash before it tells another company how to go about their business. #controlissues.
    25 Feb 2014, 03:32 PM Reply Like
  • Landsharks6
    , contributor
    Comments (143) | Send Message
     
    They may be sending a subtle message to VOD as to what they would like to see them do in order for T to make a serious offer.
    25 Feb 2014, 05:40 PM Reply Like
  • arthur_bishop1972
    , contributor
    Comments (3175) | Send Message
     
    I think the T + VOD deal will happen later this year. Sounds absurd (not to me, but probably to you) but there's something in the subtext of this whole story (topic, series of NRs, etc) that makes me think this is going to happen-somehow.

     

    T needs a game changer of some kind. They also need to put the failed T-Mobile mess behind them for good and show that they have their $hit together.
    25 Feb 2014, 03:47 PM Reply Like
  • Mikie713
    , contributor
    Comments (532) | Send Message
     
    You're probably right. Subtext is like some jilted lover complaining about the way the object of their affection dresses without having bought the ring.
    25 Feb 2014, 03:54 PM Reply Like
  • arthur_bishop1972
    , contributor
    Comments (3175) | Send Message
     
    I was thinking-in this case-that T continues to show an awful lot of interest in VOD for a co that came out and said they're 'not interested'.

     

    Kind of like when we were in elementary school and you could always tell when one kid liked another b/c they couldn't/wouldn't stop harassing them and talking to them and about them. That was a sure sign they were 'in like'-or more : )
    25 Feb 2014, 04:06 PM Reply Like
  • Landsharks6
    , contributor
    Comments (143) | Send Message
     
    I think that with the massive war chest of money VOD has now , they would want way to much for at& t to buy them . VOD has a serious chance to take over several telecoms & cable companies in the emerging markets to seriously consider selling to T. After the sale to VZ they went from second largest telecom in the world to 4th., wouldn't surprise me if they became the largest within a 10 year time frame. IMHO.

     

    I am long both T, VOD, & now VZ.
    25 Feb 2014, 05:35 PM Reply Like
  • huthutho
    , contributor
    Comments (314) | Send Message
     
    I agree with your thesis, Landsharks6. Long T & looking at VOD & VZ.
    25 Feb 2014, 07:18 PM Reply Like
  • rnn
    , contributor
    Comments (355) | Send Message
     
    She down a touch...AGAIN.
    the slow melt suckers playing it for the tiny div.
    25 Feb 2014, 11:18 PM Reply Like
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