AT&T CEO Meets With European Telecom Official About Acquisitions

Sunday, 26 Jan 2014 12:20 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

AT&T Inc. Chief Executive Officer Randall Stephenson took advantage of the World Economic Forum this week to discuss potential European acquisitions with the region’s top telecommunications official, according to a person with knowledge of the matter.

Stephenson met informally in Davos, Switzerland with European Union digital commissioner Neelie Kroes, the people said, asking not to be identified discussing a private matter. As in several earlier meetings over the last year, they discussed the possibility of an AT&T bid for Vodafone Group Plc or another European carrier, as well as regulatory issues, the person said.

AT&T, the second-largest U.S. mobile operator, is looking to Europe for growth as its home market becomes more competitive. T-Mobile US Inc. and Sprint Corp., the fourth- and third- largest players, are cutting prices and offering additional mobile data in an effort to break the dominance of AT&T and Verizon Communications Inc.

The meeting was reported earlier by Sky News.

Dallas-based AT&T is laying the groundwork internally for a potential offer for Vodafone, people familiar with the matter said in October.

A spokesman for Kroes declined to comment, as did Mark Siegel, an AT&T spokesman, and Vodafone spokesman Simon Gordon.

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved