January 27, 2014
3

Vodafone

We’ve known for a while that AT&T is interested in a possible expansion into the European wireless market. More recently, rumors and unofficial reports have hinted that AT&T might specifically be eyeing Vodafone. At least for the moment however, this claim has been put to rest.

At the request of the UK Takeover Panel, AT&T has issued an official statement clarifying that they are not interested in taking over Vodafone. Thanks to restrictions found in the UK takeover code, that means AT&T can not move forward with any kind of bid for at least six months.

The only exception to this rule is if Vodafone’s board chooses to ‘ignore’ the AT&T statement and allow a bid anyhow. Additionally, AT&T would be allowed to place a bid if a rival bidder surfaced with its own plans to buy up Vodafone.

So what does all of this mean? In short, if AT&T is looking to enter the European market via Vodafone, it will be at least another half year before a formal bid is made. On the other hand, previous rumors have suggested carriers like EE could also potential targets for AT&T’s entrance into the European market, so perhaps AT&T has just shifted targets.

Bottom-line, AT&T might still be actively interested in expanding into Europe, but it’s a move that probably won’t happen any time soon.

Andrew Grush
Andrew is dedicated to reporting on the latest developments in the world of Android, and is very passionate about mobile technology and technological innovation in general. While he appreciates Android in all of its forms, he prefers a clean stock experience when possible and currently rocks a Nexus 5. Andrew also loves to engage with his readers, and welcomes well-thought-out conversations and responses in the comments section!
Show 3 comments