AT&T Hungry to Expand Into Europe [telecom]

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AT&T Hungry to Expand Into Europe

by Karl Bode 04:33PM Friday Aug 30 2013

As Verizon eyes expanding into the Canadian wireless market, AT&T has their eyes set on expanding into Europe. Bloomberg notes that AT&T has explored possibly acquiring portions of Vodafone, European carrier EE, as well as part of Spain's Telefonica SA. Rumors that Verizon would be buying out Vodafone's 45% ownership stake in Verizon Wireless re-emerged this week; AT&T's interested in buying some of what's left of Vodafone, but wireless only -- not any of the company's fixed line ambitions. AT&T could pay about 80 billion pounds ($124 billion) for what's left of Vodafone, according to Wall Street analysts.

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