AT&T to take over Vodafone?
American giant AT&T are looking at a potential takeover of Vodafone next year, who just happen to be Europe’s largest mobile carrier. If that fails, they are also eyeing up EE. Looks like they want to get a stronghold in the UK and fast.
If AT&T merge with Vodafone, they would become the world’s largest telecommunications operator (by sales) with a market capitalization exceeding $250 billion. More to the point, they'd have in excess of 500 million wireless subscribers, which puts them in-line with Google and Apple.
With Vodafone currently trying to get a stronghold in developing markets - especially India - then this merger would result in a dazzlingly large company. Vodafone already have a decent share of the African market.
It appears that AT&T are looking to branch out as competition in the States gets considerably stiffer. Of course, AT&T aren't the first company to try and create a global telecommunications company. They'd be wise to remember Global Crossing and Concert - a failed venture between the original AT&T Corp. and BT - which went bankrupt.
There's also likely to be political opposition over here, where politicians don't like these huge mergers as seen when Kraft took over Cadbury.
Either way, it looks like the Americans are coming and, while the Russians make headway into our market, it looks like next year will be something of a Cold War 2.0.