Sorry!! The article you are trying to read is not available now.
AT&T is in Acquisition Mode to Bolster Overseas Presence (T)

It was reported on Thursday that AT&T Inc. (T) has been searching for a substantial European telecom acquisition in an attempt to improve its presence abroad.

The Dallas, Texas-based company is looking to improve its wireless reach and upgrade its network to draw in more customers. If a deal does occur it could happen by the end of the year.

Some of the markets that AT&T is looking at include the UK, Netherlands, and Germany.

However, AT&T has already faced regulatory pressure for anti-trust issues in its failed attempt to purchase T-Mobile USA from Deutsche Telekom back in 2010. If At&T were to propose a deal to acquire an European telecom, it is assumed that the company will face the same scrutiny from European regulators.

AT&T shares were flat during pre-market trading on Thursday. The stock is up +10.61% over the past year.

The Bottom Line
We have been recommending shares of AT&T (T) since Mar.12, 2009, when the stock was trading at $23.35. The company has a 5.41% dividend yield, based on last night’s closing stock price of $33.26.

AT&T Inc. (T) is recommended at this time, holding a DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here