Reports from around the financial ranks today suggest that Vodafone is being targeted by both Verizon and AT&T for acquisition.
Under the proposed deal, Verizon would acquire Vodafone’s 45 percent share in Verizon Wireless, and AT&T would get all of Vodafone’s non-American assets, which are extensive. If completed, it would value Vodafone—the world’s second-largest mobile operator—at $245 billion. (China Mobile is the world’s largest.)
Vodafone operates in world markets such as India, Turkey, Egypt, and many European countries. The company made over $10 billion in net income for 2012, however their profits have been falling since 2010.
Vodafone stock jumped around 6% on the London Stock Exchange after the news circulated. AT&T and Verizon are both up slightly on the news.
