Pocket-lint : Latest News: AT&T and Verizon working to jointly acquire Vodafone?

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AT&T and Verizon working to jointly acquire Vodafone? Apr 2nd 2013, 22:38 Update: Verizon responds US carriers Verizon and AT&T may be working to acquire Vodafone, the world's second-largest mobile carrier, according to the Financial Times. The deal would value Vodafone at $245 billion, putting it behind China Mobile who leads with 439 million subscribers. Verizon, the US' largest carrier, would acquire the 45 per cent stake Vodafone owns in its US operations, essentially freeing itself up. As for AT&T, it would pick-up Vodafone's operations outside of the US, as previously suggested. Verizon and AT&T would be jointly pairing up for the acquisition or merger in an effort to pass huge regulatory hurdles that would come their way. CNET theorizes both would have a better chance getting through, rather than one. Vodafone saw $10 billion in net income during 2012. It operates in many European countries, along with India, Turkey, Egypt, and many others. Its stock was up roughly 6 per cent on the London Stock Exchange when word of the acquisition hit the wire. Update:?Verizon has told Bloomberg that it?it does not "currently have any intention" to merge with or buy Vodafone, alone or with others.?However, it did say that it would still be a willing buyer of Vodafone's 45 per cent stake in the company.?We've reached out to AT&T to hear its side. Read Tags: Vodafone AT and T Verizon Verizon Wireless   AT&T and Verizon working to jointly acquire Vodafone? originally appeared on http://www.pocket-lint.com on Tue, 02 Apr 2013 23:38:00 +0100

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