Are AT&T and Verizon About to Go on a Buying Spree?
The following video is from Friday's installment of the Motley Fool's Weekly Tech Review, in which host Chris Hill and analysts Eric Bleeker and Jason Moser look at the biggest stories driving the tech sector this week.
Reports last week out of Spain indicated that AT&T was looking at making an offer to Telefonica valued at $93 billion. According to Spanish newspaper El Mundo, the sale didn't proceed in part because of governmental concerns over having a foreign company buy the country's most valuable telecom player. Yet even if AT&T and Telefonica aren't met to be, there is ample evidence that America's dominant mobile companies have begun looking abroad for growth.
Looking at Verizon the company has long been trying to figure out what to do about its "Vodafone problem." That company owns 45% of Verizon Wireless, and there have even been talks of Verizon buying Vodafone outright in the world's largest leveraged buyout. Such a move would suddenly turn Verizon into a massive global telecom giant.
In this segment, Eric and Jason discuss the future of these mega-telecom companies as they continue to look for new avenues of growth abroad.
The full video is available here .
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The relevant video segment can be found between 8:38 and 11:45.
The article Are AT&T and Verizon About to Go on a Buying Spree? originally appeared on Fool.com.Chris Hill, Eric Bleeker, CFA, and Jason Moser have no position in any stocks mentioned. The Motley Fool recommends Vodafone. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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