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Is AT&T going to buy Vodafone?

There is speculation that AT&T will bid $136 billion.
August 25, 2014

On Friday, the Financial Times reported that AT&T was once again looking to buy Vodafone, a UK-based telecommunications company. According to the Daily Mail, there is speculation that AT&T is working on a cash bid of just under $136 billion.

In January, AT&T was rumored to be preparing a bid to acquire Vodafone but pulled itself out of the running.

The rumors have not stopped Vodafone from continuing their own expansion plans.

The company was this week linked to a potential deal to acquire one of Brazil’s three main mobile operators, in a bid to enter the lucrative Latin American market. Telecom Italia subsidiary TIM Brasil was reported to be Vodafone’s hot favorite. In April, Vodafone took full control of its Vodafone India business, when it acquired a 10.97 per cent stake in the unit from pharmaceutical company Piramal Enterprises. – FierceWireless

As Barrons notes, AT&T approved plans to buy back 300 million shares in March. A few months later, AT&T offered to buy Direct TV for $48.5 billion.