Can AT&T Benefit from a Potential Acquisition?
T = Trends for a Stock’s Movement
AT&T is a provider of telecommunications services in the United States and worldwide. Services offered include wireless communications, local exchange services, and long-distance services. AT&T operates in four segments: Wireless, Wireline, Advertising Solutions, and Other. The communications products offered through AT&T’s segments reach audiences using just about every widely adopted medium: Internet, voice, television, and mobile. As consumers continue to adopt this technology, giant providers like AT&T stand to see rising profits.
AT&T is reportedly interested in buying whatever assets remain of Vodafone (NASDAQ:VOD) after the British wireless carrier sells its 45 percent stake in Verizon Wireless to Verizon Communications (NYSE:VZ), Bloomberg reports. AT&T has been interested in buying assets in Europe for some time. People familiar with the matter who spoke to Bloomberg said that AT&T is only interested in buying wireless assets and would not pursue the deal if Vodafone chooses to expand into cable or fixed-line businesses.