AT&T says no plans for Vodafone takeover

AT&T won’t be making any attempt to acquire Vodafone, the company confirmed Monday.

At the request of the UK’s Panel on Takeovers and Mergers, AT&T said in a statement Monday that it “does not intend to make an offer for Vodafone.” That’s in the here and now — the future being an unpredictable beast, AT&T did say that it “reserves the right to announce or participate in an offer or possible offer for Vodafone.”

The statement comes as Vodafone’s shares jumped on news that AT&T was considering a buyout. Such rumors have cropped up from time to time for months. Last April, for instance, a rumor suggested AT&T and Verizon would combine forces to buy Vodafone. Back in October, another rumor said AT&T would buy Vodafone on its own.

Vodafone is the world’s second-largest wireless carrier.

Check Also

8 New Google Products We Expect to See This Year

Google’s device line could end up having a particularly important moment in 2023. The company usually announces new Pixel products throughout the year. Google is expected to release its first foldable phone this year, however, which would directly compete with Samsung’s proven line of Galaxy Z Fold devices. Google also introduced its own ChatGPT rival, …

Leave a Reply

© 2024 News Today
External links are provided for reference purposes. News Today is not responsible for the content of external Internet sites.