Despite NSA controversy, AT&T is reportedly laying the groundwork for a Vodafone offer

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http://www.bloomberg.com/news/2013-10-31/at-t-is-said-to-explore-vodafone-takeover-as-soon-as-next-year.html

Though the Wall Street Journal earlier today reported that AT&T’s(s t) European ambitions have been jeopardized by its involvement in the NSA-spying scandal, Bloomberg now has it that Ma Bell is still preparing to make a takeover bid for U.K.-based multinational carrier Vodafone(s vod). AT&T’s M&A folks are determining how the deal would be structured and which international properties it would keep and which it would sell off, according to Bloomberg’s unnamed sources. Apparently, AT&T is also looking at the U.K.’s Everything Everywhere as a fallback.

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