Vodafone no longer bidding on AT&T Wireless

Vodafone issued a statement announcing the decision to remain in the United States throught its partnership with Verizon Wireless. The company was expect to bid on a takeover of AT&T Wireless.

The statement reads "On 9 February 2004, Vodafone Group Plc ("Vodafone") announced that it was exploring the opportunity to acquire AT&T Wireless. On 17 February 2004, Vodafone withdrew from the auction when it concluded that it was no longer in its shareholder's best interests to continue discussions.

Vodafone remains committed to its existing position in the US market with its successful partnership in Verizon Wireless."