AT&T might enter the Romanian market via Vodafone takeover

Newsroom 01/11/2013 | 14:28

Telecom giant AT&T might be considering a potential takeover of Vodafone Group next year, according to a piece in Bloomberg, quoting “people familiar with the situation.”

A potential takeover of Vodafone Group would mean that AT&T would establish a presence in Romania as well, where Vodafone is currently the second operator on the local market.

Vodafone Romania posted service revenues of EUR 177 million for the quarter between April 1st – June 30th of the financial year 2013-2014. The company’s mobile customer base increased to 8,138,354 customers at June 30, 2013.

“While the companies haven’t entered formal negotiations, the largest U.S. phone company is intensifying work on which Vodafone assets it would retain after a deal and who could buy others, the people said, declining to be identified discussing private deliberations. AT&T, which remains interested in U.K. carrier EE as an alternative target, is also formulating a strategy for Vodafone’s operations in Europe, where mobile broadband adoption has lagged the U.S., the people said,” writes Bloomberg.

Otilia Haraga