Vodafone (VOD) returned to investors' radar screen in the wake of news about AT&T's (T) interest in acquiring the company. With more telecom companies interested in making the triple play and quadruple play of mobile, land line, TV and Internet coverage to dissuade consumers away from easy switches, AT&T is actively seeking a number of strategic acquisitions toward this goal. However, Vodafone may have its own plan for expansion of its mobile technology coverage in 30 countries, and the deal may not be as trouble-free as expected.
AT&T, the second largest provider of cell phone service in the United States, has shown an interest in snapping up smaller wireless companies for some time now. It has spent the last year searching throughout Europe for likely candidates before settling on Vodafone. In July of 2013, AT&T purchased Leap Wireless (LEAP) for a reported $1.2 billion, but the deal has still not closed. AT&T attempted a purchase of T-Mobile (TMUS) earlier, but the deal was blocked by the Justice Department. Read more.
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