Vodafone waits for an answer from AirTouch
Monday 11 January 1999
Mr Gent yesterday flew back from New Zealand, where he had been at a board meeting after watching Australia defeat England in the fifth Test match. Meanwhile Ken Hydon, Vodafone's finance director, has returned from New York, where he met senior AirTouch executives to discuss the offer.
AirTouch is expected to respond to the proposed merger within the next two weeks. However, Morgan Stanley Dean Witter, the investment bank advising AirTouch, is still trying to solicit higher bids.
Bell Atlantic is considering whether to raise its original $43bn offer, but it is unclear whether the former Baby Bell could justify matching Vodafone's offer. MCI WorldCom has ruled itself out of the running.
City sources were yesterday playing down reports that British Telecom might enter the fray. BT - which will probably be overtaken by Vodafone in terms of market capitalisation if the merger goes ahead - has agreed not to compete with AT&T, its international partner, in its home market. AT&T currently operates the only national mobile phone network in the US.
- 1 Rowan Atkinson to sell £10 million McLaren 'supercar' he crashed into a tree and a lamppost
- 2 The truth about 'girl things': Three cheers for Heather Watson's honesty
- 3 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 4 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 5 Men behaving badly: Urinating while standing, 'manspreading' and the gendering of selfishness
Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
Edgar Froese dead: Tangerine Dream founder dies aged 70
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Syrian refugee child beaten by Istanbul Burger King manager for eating customer’s leftover food
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign
British Muslim leaders outraged after Eric Pickles says followers of Islam should 'prove their identity'
UK terror fears: My jihadist son returned from Syria mentally scarred – now he is being ignored
Nigel Farage: NHS might have to be replaced by private health insurance
Billy Crystal: 'Stop shoving gay sex scenes in my face'
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
iJobs Money & Business
Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...
£16000 - £25000 per annum: Recruitment Genius: This is an exciting opportunity...
£45000 - £47000 per annum + bonus + benefits: Ashdown Group: Java Developer / ...
£35000 - £38000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...