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Euronews: Vodafone Shares up on AT&T Takeover Rumor

Paul Rainford
11/1/2013
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Also in today's EMEA regional roundup: TDC cuts its outlook; Middle Eastern operators can't share nicely; Prismgate gets really serious.

  • Vodafone Group plc (NYSE: VOD)'s share price rose 2.2 percent to 229.45 pence Friday morning, possibly fueled by a report on Bloomberg that a potential takeover of the British group by AT&T Inc. (NYSE: T) is very much back on the cards. According to "people familiar with the matter," AT&T execs are getting ahead of themselves by conducting internal talks about which of Vodafone's assets they would dispose of and which they would retain if the deal went through. Speculation about AT&T's European ambitions comes around regularly, with Telefónica SA (NYSE: TEF) also often cited as a potential target. (See Euronews: AT&T Hints at Mobile M&A Action and Euronews: AT&T Goes on the Prowl.)

  • Disappointing third-quarter numbers from Danish operator TDC A/S (Copenhagen: TDC) have prompted it to cut its full-year outlook, reports Reuters. TDC's revenue fell 6 percent year-on-year to 1 billion Danish kroner (US$181 million), which was slightly below analysts' expectations.

  • Middle Eastern operators Emirates Integrated Telecommunications Co. (du) and Etisalat still can't agree on the terms of a network-sharing deal, four years after the idea was first mooted, according to a report on Arabian Business. Apparently, the technical issues have been resolved, but financial ones haven't.

  • Prismgate part 94: Reuters reports that German journalists have been advised by their union to stop using the Google and Yahoo search engines and email services following the reports of data-snooping by US and British intelligence agencies. As if journalists would stoop to such unreliable and basic research tools. Now then, where's that NSA Wikipedia page I had open a minute ago… (See British Spooks Tap the Global Net, Prism in a Big Data World, and Merkel's Mobile.)

  • Telia Company 's Finnish subsidiary, Sonera, has paid out €41.2 million ($55.7 million) for 2 x 10MHz frequencies in the 800MHz band, which it will use to significantly increase its 4G coverage. The license that accompanies the spectrum mandates that Sonera achieves 4G coverage of 95 percent in Finland within three years.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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    albreznick
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    albreznick,
    User Rank: Blogger
    11/3/2013 | 11:47:15 AM
    Prism in Germany?
    The continuing Prism saga reminds me of the old "Where's Waldo?" kids' book series. Where in the world will we hear of Prism striking next? I think it's time for an Asian U.S. ally to object to the phone snooping. Japan? South Korea? Take your pick. 
    Sarah Thomas
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    Sarah Thomas,
    User Rank: Blogger
    11/1/2013 | 11:48:01 AM
    Prism
    Is this is big win for Bing in Germany?

    (ha, Sidenote -- got the "cookies" warning when I clicked on the Reuters article.)
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