AT&T said to be mulling Vodafone takeover
AT&T is considering another crack at buying Vodafone, the world's second-largest mobile carrier, according to a new report.
AT&T is once again said to be vying for the world's second-largest mobile carrier, Vodafone.
AT&T's executives are currently "laying the groundwork" for a takeover of the carrier, which could expand both companies' reach to more than 500 million wireless subscribers, according to Bloomberg.
Verizon and AT&T were originally said to be involved inback in April, though Verizon the report. Separately, last month Verizon agreed to to buy out Vodafone's stake of its own wireless business (which had been a joint venture), a deal that was the third-largest corporate acquisition ever.
The rumored takeover would have to wait until that buyout was complete, Bloomberg said.
An AT&T spokesperson declined to comment on the report.
AT&T's last big spend was on Leap Wireless in July,that has yet to close. The company also made an attempt to purchase T-Mobile USA from Deutsche Telekom as part of a $39 billion bid, which was over antitrust concerns.
AT&T's stock price is up 15 cents, selling at $36.41 a share, while Vodafone's listing on the Nasdaq climbed 79 cents, or 2.18 percent, to $37.11 in late-day trading.