Telefonica takeover rumour by US giant AT&T

Telefonica shares have soared after a possible takeover bid by US telecoms giant AT&T was routed by Madrid. El Mundo reported that the Madrid government is determined to block any takeover of their beloved Telefonica and has told the Yanks that they will do everything possible to block the deal. AT&T, it has been rumoured, was preparing a $122 billion takeover bid for Telefonica, of which about $52 billion would have been debt and liabilities. Continue reading Telefonica takeover rumour by US giant AT&T