Vodafone prepares AT&T Wireless bid

Feb 01 2004 - 01:00 PM ET | AT&T Wireless

According to Reuters, Vodafone is preparing a $30 billion plus bid for AT&T Wireless. As we previously reported, all bids for the carrier must be made by February 13th. The market cap for AT&T Wireless was a hair under $30 billion as of Friday's close. The fact that Vodafone is a serious contender is interesting because it owns a minority stake in Verizon Wireless, a rival to AT&T Wireless. Could one company have interests in two competitors? We'll see. To get more information on the possible buyers of AT&T Wireless, check out our report on the subject.

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