AT&T eyes international expansion for growth2013-01-17 09:25 by DanielaTags: AT&T
U.S. cellular giant AT&T is mulling a takeover bid of a European mobile network, with eyes on the U.K.'s new 4G LTE network EE, or Dutch provider KPN, according to a report by The Wall Street Journal. With the U.S. market about to get more competitive, AT&T is looking at markets in Europe where it can upgrade technology and roll out new services and pricing strategies. KPN, based in the Netherlands, is already 28 percent owned by a Latin American cellular firm in which AT&T owns a stake. The Dutch cellular giant, the largest in the country, has tried to sell its pan-European subsidiary operations in Belgium and Germany to others but failed to make a deal. Everything Everywhere is co-owned by Deutsche Telekom AG DTE.XE +0.48% and France Télécom SA. AT&T does have an international presence in the form of a business arm that provides services to multinational corporations, but it doesn't yet serve consumers. An AT&T spokesperson declined to comment. The company doesn't comment on rumor or speculation. Read more -here-
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