In January, AT&T was rumored to be preparing a bid to acquire Vodafone but pulled itself out of the running.
The rumors have not stopped Vodafone from continuing their own expansion plans.
The company was this week linked to a potential deal to acquire one of Brazil’s three main mobile operators, in a bid to enter the lucrative Latin American market. Telecom Italia subsidiary TIM Brasil was reported to be Vodafone’s hot favorite. In April, Vodafone took full control of its Vodafone India business, when it acquired a 10.97 per cent stake in the unit from pharmaceutical company Piramal Enterprises. - FierceWireless
As Barrons notes, AT&T approved plans to buy back 300 million shares in March. A few months later, AT&T offered to buy Direct TV for $48.5 billion.
Source: FierceWireless;
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