
AT&T says does not intend to bid for Vodafone
1 min read . Updated: 27 Jan 2014, 01:07 PM ISTThe firm had earlier said there was a 'huge opportunity' to invest in mobile broadband in Europe, sparking speculation that it would buy Vodafone
London: US mobile operator AT&T Inc. said on Monday it did not intend to make a takeover offer for Britain’s Vodafone Group Plc., following months of speculation.
AT&T said it was making the statement at the request of the British takeover panel.
AT&T, the second largest mobile provider in the US, had said there was a “huge opportunity" to invest in mobile broadband in Europe, sparking speculation that it would buy Vodafone, the world’s second largest mobile operator with assets in Europe, India and Africa.
Click here to read the Mint ePaperMint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news.