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EU: AT&T has no plans to start telco earthquake

By  |  January 27, 2014

Rumors flew late last week following a meeting between AT&T and the EU’s top telco official, sparking speculation that AT&T could be eying EU giant Vodafone for a possible buyout.

Such an acquisition would potentially send shockwaves throughout the EU’s telecommunications industry, reports said. But according to AT&T, no buyout bid is in the works.

Reports said AT&T head Randall L. Stephenson met with European Commission telco head Neelie Kroes last week to discuss AT&T’s future role in Europe, according to a source.

But despite AT&T’s denial of any pursuit of Vodafone, reports say the company confirmed it reserved the right for a potential bid later on.

Vodafone is currently in its own M&A deal as reports say the UK company is in early talks with Spain’s ONO, sources said.

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