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Vodafone Group Public Limited Company Message Board

  • vpower_shell vpower_shell Mar 15, 2013 11:06 AM Flag

    AT&T (T) Could Play Key Role in Verizon (VZ), Vodafone (VOD) Deal - BAML:Next $35-$40


    AT&T (T) Could Play Key Role in Verizon (VZ), Vodafone (VOD) Deal - BAML

    Buying a $140 billion company is a formidable challenge that doesn't come without a lot of speed bumps. That is, unless you have help doing it.

    According to BofA/Merrill Lynch (BAML) analyst David Barden, Verizon (NYSE: VZ) might have just that sort of help from AT&T(NYSE: T) as it mulls a potential takeover of Vodafone (Nasdaq: VOD).

    Barden thinks AT&T could buy Vodafone's non-U.S. assets, paving the way for a deal to happen. He notes that Verizon isn't worried about Vodafone's U.S. assets and wouldn't likely make a bid for the whole company. AT&T might be able to pick up the non-U.S. assets for about $70 billion.

    The deal could turn out to be a three-way winner: AT&T would gain "global scale" with th deal being accretive to cash flow, Verizon would get full control of Verizon Wireless, and Vodafone would garner a "long-elusive" premium for its asset portfolio.

    AT&T would likely jump at the chance, too. The WSJ reported in January that AT&T was looking to make a big deal in the country. Names like BT Group (NYSE: BT), France Telecom (NYSE: FTE), Telefonica S.A. (NYSE: TEF), Royal KPN (OTCBB: KKPNY), Deutsche Telekom (OTCBB: DTEGY), popped up.

    BAML is keeping Verizon at Neutral, but boosts its price target from $45 to $50. Verizon, Vodafone, and AT&T are all lower

    Sentiment: Strong Buy

    This topic is deleted.
34.46+0.14(+0.41%)Jul 29 4:00 PMEDT

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