Monday is often the day for deals and rumors, and a doozy in the telecom
market quickly made the rounds. Depending upon which reports you
believe, AT&T (NYSE:T) either made a bid for Telefonica (NYSE:TEF)
and was rebuffed by the Spanish government, or no such approach was
ever made. In either case, it is not altogether surprising that AT&T
would be entertaining global ambitions, and Telefonica is certainly a
business that could be worth quite a bit more if cleaned up and
improved. By the same token, this is not the only potential asset that
could appeal to AT&T.
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http://www.investopedia.com/stock-analysis/061713/does-att-have-global-ambitions-t-tef-amx-viv-fte.aspx
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