AT&T making eyes at Vodafone for a $60 billion takeover

Forums › One NZ (including Farmside) › AT&T making eyes at Vodafone for a $60 billion takeover

old3eyes

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#139082 27-Jan-2014 15:44

Link

You think this will happen??

Regards,

Old3eyes

andrewNZ

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#975195 27-Jan-2014 15:46

I don't like Vodafone, but I certainly don't wish something as terrible as ATT on them...

freitasm

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#975201 27-Jan-2014 16:13

Whoever wrote that clearly lives in the USA...

"But instead of going after a smaller carrier, it looks like the target is one of Europe's biggest, with a potential $60 billion takeover of Vodafone in mind. "

Vodafone is not "one of Europe's biggest". It's the world's largest. Also Vodafone has a pocket full of cash after selling its participation on Verizon Wireless to Verizon for US$ 130 billion.

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wellygary

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#975231 27-Jan-2014 16:54

freitasm: Whoever wrote that clearly lives in the USA...

"But instead of going after a smaller carrier, it looks like the target is one of Europe's biggest, with a potential $60 billion takeover of Vodafone in mind. "

Vodafone is not "one of Europe's biggest". It's the world's largest. Also Vodafone has a pocket full of cash after selling its participation on Verizon Wireless to Verizon for US$ 130 billion.

Although VF will give its shareholders a special dividend of around 80 Bn (USD) of that, soaking up pretty much all of the cash,

Although I cannot see them actually rebranding, otherwise Telecom would be overrun by switichers

hyperman

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#975234 27-Jan-2014 16:55

If they are looking at Vodafone global then I think they may have miscalculated a few "0's"

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johnr

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#975253 27-Jan-2014 17:31

I'm still waiting for Telstra Corp to purchase Vodafone NZ, Oh hang on maybe it's not going to happen now

This rumor must of been in the media at least once a year for the last 10 years,

freitasm

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#975340 27-Jan-2014 20:09

Official word from AT&T:

January 27, 2014

STATEMENT REGARDING Vodafone GROUP PLC ("Vodafone")

AT&T Inc. ("AT&T") notes the recent speculation regarding a potential transaction involving Vodafone Group plc ("Vodafone") and recent movement in the share price of Vodafone.

At the request of the UK Takeover Panel, AT&T confirms that it does not intend to make an offer for Vodafone. Accordingly, AT&T is bound by the restrictions under Rule 2.8 of the UK Takeover Code (the "Code").

For the purposes of Rule 2.8 of the Code, AT&T reserves the right to announce or participate in an offer or possible offer for Vodafone and/or to take any other action which would otherwise be restricted under Rule 2.8 of the Code within 6 months after the date of this announcement in the circumstances described in note 2 to Rule 2.8 of the Code.

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chevrolux

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#975371 27-Jan-2014 20:40

freitasm: Official word from AT&T:

January 27, 2014

STATEMENT REGARDING Vodafone GROUP PLC ("Vodafone")

AT&T Inc. ("AT&T") notes the recent speculation regarding a potential transaction involving Vodafone Group plc ("Vodafone") and recent movement in the share price of Vodafone.

At the request of the UK Takeover Panel, AT&T confirms that it does not intend to make an offer for Vodafone. Accordingly, AT&T is bound by the restrictions under Rule 2.8 of the UK Takeover Code (the "Code").

For the purposes of Rule 2.8 of the Code, AT&T reserves the right to announce or participate in an offer or possible offer for Vodafone and/or to take any other action which would otherwise be restricted under Rule 2.8 of the Code within 6 months after the date of this announcement in the circumstances described in note 2 to Rule 2.8 of the Code.

That sounds like something from Pirates of the Caribbean! OOooh argh The Code must always be honored!!!!

floydbloke

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#975515 28-Jan-2014 07:43

Androidcentral are a bit sluggish out of the blocks as well, this (now dispelled) rumour has been around for some months:
http://www.phonearena.com/news/AT-T-to-buy-Vodafone-in-2014_id48983

Sometimes I use big words I don't always fully understand in an effort to make myself sound more photosynthesis.

johnr

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#975524 28-Jan-2014 08:10

6 months 1 day we will see a similar thing again