This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Telecoms Fight for Global Dominance

AT&T is now looking to buy carriers in Europe, Bloomberg reports, starting with the Dutch carrier KPN, which is part-owned by Carlos Slim, the world's richest man. Slim moved into Europe because of that continent's economic crisis, figuring assets would be cheap and could be re-sold at a profit.

Once a feeding frenzy like this begins, it's hard to stop. It's easy now to see Vodafone, which got Son into the business by selling its Japanese unit, being moved to combine with Verizon Wireless in a defensive move. The two companies are roughly the same size, but Verizon also owns a landline business that would likely be ditched, plus the old MCI long-distance and Internet core business, whose future would have to be evaluated. Figure Vodafone as the surviving entity.

Ideas like this would have sounded ridiculous even a year ago. But when the parts start moving, they tend to keep moving. The game for global telecommunications dominance is now afoot.

At the time of publication the author had positions in IBM and GOOG.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
CLWR $0.00 0.00%
GOOG $552.48 -0.52%
IBM $171.37 0.37%
S $5.29 0.57%
T $34.44 1.00%


DOW 18,003.61 -34.36 -0.19%
S&P 500 2,100.81 -8.11 -0.38%
NASDAQ 5,029.1870 -31.0590 -0.61%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs