AT&T Considering Vodafone Assets Following Verizon Deal (T, VZ, VOD)

AT&T Considering Vodafone Assets Following Verizon Deal (T, VZ, VOD)

RSS

Vodafone (VOD) confirmed on Thursday that it has been in talks with Verizon Communications Inc. (VZ) regarding the possible sale of Vodafone’s stake in Verizon. Reports issued on Friday suggest that AT&T Inc. (T) may be looking into purchasing what is left of Vodafone’s assets once the deal is completed.

AT&T has been working on expanding its wireless business in Europe, and may now be considering a stake in Vodafone. According to someone familiar with the matter, AT&T is only interested in VOD’s assets related to its wireless business.

Vodafone made an agreement in June to acquire Germany-based wireless provider Kabel Deutschland. The company has also expanded into several regions including South Africa and Australia.

AT&T shares were up 15 cents, or 0.45%, during pre-market trading Friday. The stock has been mostly flat YTD.

The Bottom Line

Shares of AT&T Inc. (T) have a 5.35% yield based on Thursday’s closing price of $33.65.

AT&T Inc. (T) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today