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Breakingviews: AT&T's foreign forays

Monday, June 17, 2013 - 03:22

June 17 - Antony Currie and Rob Cyran discuss why the U.S. telecom company might be looking abroad for deals – and why sealing one might be tough.

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It's AT&T seemed to be getting lonely on the deal front we spent a lot of the past few weeks looking and talking about us. The big deal around springs which AT&T is not involved in three others on. This time we go to support coming up Spain AT&T may have been interest in buying Telefonica and that's been -- that. Well that's -- deliberately ill analytics the Telefonica said no this didn't happen and then but then this. Just finished mr. Telekom said he well he did me eighteen -- but it didn't quite discuss that -- -- this -- -- going on Sunday as an AT&T obviously has been on the content here it's made it clear in an analyst meeting last week and they say yes for groups in Europe and -- asked about that tonight it. And the reason is that eighteen tees and in in the US this as it was last year was my memory for any -- to receive -- -- and I about him Obama was completely -- and the regulated by the regulators -- -- to get out of here early to know wireless companies in the US and one -- there and forget -- and amen to what that means is that regulatory consolidation is happening -- these smaller companies like sprint for instance wants to -- Something wants to buy sprint sprint wants to buy Clearwire meanwhile dish wants to buying -- that AT&T is out right. So the question is what is -- consolidation becomes like an innovative opportunities cut their stocks treating very high be nice to use this to buy some growth the question is where they do it again on supplies in the US can invite Europe. Well they're not gonna buy. Spanish -- company French Telecom company or Portuguese and there's these all seem as truth gasses in -- soundly in in in this country's been on airlines on him it really wanna sell them off and as we really have to say -- aiming for these countries they'll look at this and we don't really have a tech industry nineties are high -- champions of the Telecom companies discounts that -- -- and it's kind of -- And -- they don't want these things sold because they don't want to be you know just like Italy and olive oil again unless that's just says -- the sake enough to all these allegations about all the NSA is doing maybe that it. The senate. Itself let's take senator if I want to make it easier let's read that now yes pygmy tribe it's -- so what what -- -- -- looking for in -- like eagle companies over that I think what you -- and it's -- that he's come as number two feet looking expensive. And -- in trouble why buy a -- -- -- what they seem to be interest that it. Well actually the thing with like companies like Telefonica France Telecom is they're very very good stocks are very keep. But it. These companies on a big buying spree overseas and Telefonica more than half of their revenue comes from Latin America right France Telecom to get a huge chunk from Africa Portugal Telecom gets a child from Brazil. And so you're getting easier buying actually a lot of us that some developing nations that's what they're looking -- Again these are probably off limits anyway so there and it's kind of mentioned there is that there is just report -- Canadian papers saying that eighteen you lose interest in buying a small. A Canadian operator and buying -- Specter and setting up -- operations and there it's obvious that there's there's been a success that they coming here. And they seem and -- baseless ovals they they isn't getting anywhere in Europe which -- ninety. Not a recommendation on businesses and by Europe and now the Canadians thing. I must say since he is the feast of Christ clearly wants to do something yes and they and they're willing to resort and well I'm sure that'll keep her breath and -- -- very happy things considered we'll be back with more breaking -- tomorrow.

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Breakingviews: AT&T's foreign forays

Monday, June 17, 2013 - 03:22