AT&T (NYSE:T): Current Price $33.15
Cheap valuations for European wireless companies, inefficient and outdated pricing, slow 4G rollouts and the possibility of linking up European countries with common wireless plans — all these and more provide a window of opportunity to AT&T (NYSE:T), said to be scouting for suitable acquisition candidates on the continent. The strategy may make sense considering AT&T’s plan to acquire T-Mobile USA was denied by regulators and the tougher competition likely at home once Softbank Corp closes its acquisition of Sprint Nextel Corp (NYSE:S). Names being tossed up include Royal KPN NV, the biggest telecom company in the Netherlands, and Everything Everywhere, a wireless carrier in the U.K.
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