From the management that lost shareholders $4 billion foolishly chasing TMobile, now T's going to try to acquire a minority share in Telefonica? Be serious. Foreign regulators would suck every dime out of T's overseas investment. Just look at how Vodafone's being crippled in its foreign operations. Southern Europen economies are a basket case. They will make T's Apple subsidies look frugal. I bought T for dividends and stability not wild speculation. Mind your own U.S. business.