Bouygues SA, the construction and telecommunications group led by Martin Bouygues, offered 10.5 billion euros ($14.4 billion) in cash for Vivendi SA’s SFR unit, setting up a bidding war with billionaire Patrick Drahi and potentially creating a phone carrier to rival Orange SA.
AT&T Inc. executives huddled with small groups of investors in Barcelona this week to discuss their willingness to own cable assets and stretch their balance sheet for big investments in mature economies like those in Europe, said people with knowledge of the matter.
Vodafone Group Plc has approached Grupo Corporativo ONO SA’s owners about a potential acquisition as the cable company meets this week to discuss an initial public offering or a sale, people familiar with the matter said.
AT&T Inc., responding to speculation over a possible takeover bid for Vodafone Group Plc, said it doesn’t plan to make an offer for the U.K. wireless carrier. Vodafone shares fell the most in four months in London trading.
Vodafone Group Plc will buy an additional 33 percent stake in its Indian joint venture for $5 billion after partner Essar Group exercised an option to sell the holding in India’s third-largest mobile-phone operator.
Vodafone Group Plc is poised to exit the best investment it ever made, pocketing as much as $130 billion from the 45 percent it owns in U.S. mobile company Verizon Wireless and focusing its attention on Europe.