AT&T Looks to Acquire a Counterpart in Europe?
A&T is looking to acquire a counterpart in Europe before the market becomes more data centric, according to the WSJ.
The telecommunications giant is considering buying a counterpart in Europe, a bet that it can best escape constraints on growth at home by getting into a new wireless market where it can upgrade technology and roll out more lucrative pricing strategies, people familiar with the carrier's thinking said. The company is currently studying targets, and a deal—if one happens–could come before the end of the year, those people said.
A little over one year ago AT&T ended its bid to acquire T-Mobile after being blocked by the FCC.
Royal KPN NV in the Netherlands and Everything Everywhere in the U.K. are reportedly potential candidates for a deal. KPN is owned in part by América Móvil and Everything Everywhere is owned by Deutsche Telekom AG and France Télécom SA.