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AT&T says not planning takeover bid for Vodafone

AFP | Last Updated: Monday, January 27, 2014 - 13:38

London: US telecoms giant AT&T said on Monday that it was not planning to launch an offer for British mobile phone group Vodafone following fresh rumours of a mega bid. 

British media reports over the weekend said AT&T was looking into offering about £60 billion ($99 billion, 72 billion euros) for Vodafone following similar market speculation last year.

But in a brief statement issued to the London Stock Market on Monday, AT&T said "that it does not intend to make an offer for Vodafone". 

Vodafone, the world`s second-largest mobile operator by subscribers after China Mobile, agreed last year to sell its US joint-venture stake to partner Verizon for $130 billion in one of the biggest transactions in global corporate history.

First Published: Monday, January 27, 2014 - 13:38
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