After a recent sale of 45% percent stake of Vodaphone to Verizon Wireless for $130 billion dollars, Vodaphone is being hunted for another deal, but this time by AT&T. AT&T is considering a takeover bid of the British telecommunications company in attempt to capitalize on the growth in Europe. An analyst from Berenberg, Paul Marsch estimates that AT&T would have to pay roughly £80 billion pounds ($127 billion US dollars) for Vodaphone. AT&T is reportedly exploring other targets as wll, such as UK telecommunications company EE. EE operates under EE, Orange and T-Mobile brands and is the largest mobile-network operator in the UK. Be that as it may, AT&T’s chief executive Randall Stephenson believes that Vodaphone is the company that will provide instant impact in the market that the company is looking for.
With Verizon and AT&T both looking for European expansion, the two biggest US mobile-network companies may possibly end up battling on the other side of the globe as well. Vodaphone in my opinion has monopolistic power in the situation; Verizon has already made its move and with AT&T being so hungry for expansion, they will be willing to pay with inelastic desperation.