Vodafone and Cingular clash on AT&T bid


Vodafone and Cingular clash on AT&T bid

Vodafone Group and Cingular Wireless have started a bidding war for AT&T WIreless, which could take another two weeks to resolve.

Both companies had put in similar bids of around $35bn each.

Bidding had been due to close last Friday, and sources close to the situation said a decision could be expected soon, but AT&T Wireless may now seek a second round of offers from the companies.

Nextel Communications and NTT DoCoMo did not enter bids.

Vodafone has a 45% stake in Verizon Wireless, the largest mobile company in the US. If its AT&T bid proved successful, it would have to relinquish its Verizon stake.

Cingular is a joint venture between SBC Communications and BellSouth,  and is the second largest mobile phone company in the US.

Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy