Path clears for AT&T to buy Vodafone

09 October 2013 |

AT&T looks to set to move forward with plans to acquire Europe’s Vodafone, Reuters reports.

Following the recent success of Verizon’s $49 billion bond sale, investors are looking for another big deal in the sector.

Michael Collins, senior portfolio manager at investor firm Prudential, said: “The Verizon deal showed us that there is a lot of demand for high-quality corporate bonds across the board, so if the price is right, the market is telling you that size is not a problem.”

“The fact that the Verizon deal performed so well might encourage investors to participate in the next big deal.”

AT&T’s interest in Vodafone was noted in August this year and the company’s CEO Randal Stephenson has since reiterated his interest in the European market.

At the ETNO conference in Brussels this week, Stephenson said: “I continue to be fascinated and impressed by how slow mobile broadband is moving Europe, so I think of this as a huge opportunity for somebody.”