Reuters: Technology News: Vodafone rises on report of AT&T takeover interest

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Learn Adobe Illustrator CS6 Master Techniques from an Adobe Guru! With over 25 years of experience teaching, Robert Farrell has been a trusted instructor for individuals and companies who want to improve their Adobe skills. From our sponsors

Vodafone rises on report of AT&T takeover interest Nov 1st 2013, 12:03 Tweet Share this Email Print Reprints Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Hot Stocks » Asian Markets » Inflows Outflows » The shrouded structure in San Francisco Bay.   Slideshow  A pedestrian passes a Vodafone store on Oxford Street in central London, November 10, 2009. Credit: Reuters/Kevin Coombs LONDON | Fri Nov 1, 2013 8:03am EDT LONDON (Reuters) - Shares in Vodafone Group rose on Friday after a media report that U.S. mobile operator AT&T was exploring strategies for a potential takeover of the British telecoms firm. AT&T Chief Executive Randall Stephenson has said there is a "huge opportunity" to invest in mobile broadband in Europe and he would buy wireless assets if they were available at the right price. AT&T is the second-largest mobile provider in the United States after Verizon Wireless. But it is not adding new customers in its home market as fast as Verizon, and it is also ceding market share to much smaller rival T-Mobile US. Vodafone sold its stake in Verizon Wireless to its joint venture partner Verizon Communications Inc for $130 billion in September, leaving it with a pan-European business spanning Britain to Romania and operations in the Middle East and Africa. AT&T has been eyeing Europe since the beginning of the year and has considered options including Vodafone and Britain's largest mobile carrier EE, a joint venture of Orange and Deutsche Telekom, sector bankers have previously told Reuters. A Bloomberg report on Thursday, citing people familiar with the situation, said AT&T was examining how it could divide Vodafone up after a deal, keeping some assets and disposing of others. The companies have not entered formal negotiations, the report said. Shares in Vodafone were up 2.9 percent to 231 pence at 1104 GMT, the biggest gainers on the FTSE 100 index of blue-chip stocks. Espirito Santo analyst Robert Grindle said it was logical for AT&T to consider its options regarding Vodafone, following its U.S. exit. "What we don't have full clarity on is how ambitious AT&T is," he said. "(The report) is short on substance but long on plausibility." Vodafone and AT&T declined to comment. (Reporting by Paul Sandle and Sarah Young; Editing by Erica Billingham) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions