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AT&T May Expand Into Ireland, Buy Eircom
by Karl Bode 09:24AM Friday Aug 08 2014
For much of the last year or so, rumors have surfaced that AT&T was very interested in a European expansion, and was considering acquiring (just) the wireless assets of Vodafone in a deal that could have been worth an estimated $124 billion. However, in January AT&T issued a statement indicating that the company had no plans to acquire Vodafone -- at least anytime during the next six months.

It's believed that part of AT&T's pause may have been due to European regulators being uncomfortable with AT&T's very close ties to US intelligence (at least during election season). More than six months have passed and rumors have emerged that AT&T is interested in buying Irish telco Eircom as a "potential low-tax route into Europe":
quote:
According to an unconfirmed report in The Sunday Business Post, US telco AT&T Inc is considering a bid for Irish former monopoly Eircom as a ‘potential low-tax route into Europe’. The paper claims that high level officials from AT&T have been seen at the Irish telco’s Dublin headquarters in recent weeks, and speculates that whilst Eircom is gearing up for a stock market flotation, no pre-initial public offering (IPO) process is currently underway and its deadline for its so-called ‘clarity of options’ is the year end, not the autumn.
AT&T may find Ireland a quieter and less controversial entry point, though it's unclear if diplomatic damage from the NSA surveillance kerfuffle has been reduced enough to ease AT&T's obvious European expansion ambitions. While AT&T has been rather quiet during the Snowden scandal, former whistleblowers like former AT&T technician Mark Klein suggest likely not a company around that has been more cooperative with the government's wholesale surveillance ambitions, going so far as to even advise government on how best to break wiretap and privacy law.

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biochemistry
Premium
join:2003-05-09
92361

No

Even more money for AT&T to spend that will only hurt current customers who would prefer an FTTH expansion.
--
The harvest is nigh past, the summer is nigh ended. Are you saved? bibleprophecytruth.com

Topmounter
Sent By Grocery Clerks

join:2001-02-20
Evergreen, CO

Coming Soon: 1982 Redux

AT&T: Hastening the Inevitable (another breakup).

PlusOne

@73.160.110.x

Re: Coming Soon: 1982 Redux

said by Topmounter:

AT&T: Hastening the Inevitable (another breakup).

Any foreign buys by AT&T will undoubtedly be structured so that there is no regulatory ties to US regulators. The EU regulators will be involved, however. Any breakup attempts by US Justice Dept would not impact foreign purchases by AT&T. That may be the main reason AT&T is looking to expand in the EU. Lower taxes and outside the control of US regulators.
ITGeeks

join:2014-04-20
Cleveland, OH

Re: Coming Soon: 1982 Redux

You do realize that most of AT&T's brands and companies are not tied directly to AT&T right? Each one is its own operating company. AT&T Mobility, LLC and AT&T Wireless Services, Inc. Both operate as a different company. If the DOJ was to split AT&T, Inc the wireless side would be fine.

The goes with AT&T U-Verse, and all of their brands. The brands itself is owned by a separate company and will always be so if anything happens to AT&T the brands/logos will not go south.

bugg

@184.153.144.x

Re: Coming Soon: 1982 Redux

AT&T is one
Kearnstd
Space Elf
Premium
join:2002-01-22
Mullica Hill, NJ
kudos:1

1 recommendation

My guess is ATT wants to do a tax inversion, If they buy this one in Ireland they can move their operations there at least on paper and skip their tax duties in the US.
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Filan - Aurin Spellslinger - Pago - Team Legacy
openbox9
Premium
join:2004-01-26
Germany
kudos:2

Re: Coming Soon: 1982 Redux

Finally. I hope every US-based business does this so that lawmakers wake up and fix the tax code. Encourage businesses to operate in the US, don't punish them. Tax the money, not the passthrough vehicles.

PlusOne

@66.249.83.x

Re: Coming Soon: 1982 Redux

said by openbox9:

Finally. I hope every US-based business does this so that lawmakers wake up and fix the tax code. Encourage businesses to operate in the US, don't punish them. Tax the money, not the passthrough vehicles.

Most countries don't tax corporate profits, they tax the income of those who own the corporations thru investing. That is the sensible thing to do. US Corporations would then have no incentive to leave the US.
sonicmerlin

join:2009-05-24
Cleveland, OH
kudos:1

1 recommendation

Re: Coming Soon: 1982 Redux

That's a bald faced lie
inlinehockey

join:2007-12-21
Xenia, OH

Maybe...

Maybe AT&T should finish building a working network in the U.S. before venturing out into another country? Maybe update their entire failing copper network? Bring service to the millions that have no option? Oh never mind, I just remembered how telecom and data operate here!
Kearnstd
Space Elf
Premium
join:2002-01-22
Mullica Hill, NJ
kudos:1

Re: Maybe...

Investors strictly see more wireless customers paying out the nose for low caps and high overages. They would let the US landline network completely fall apart if it gained them wireless subs.

oh wait they are doing that.
--
Filan - Aurin Spellslinger - Pago - Team Legacy

tigerpaw509

join:2011-01-19
You have heard of 2020 right?Thats when they want to turn off all switches and abandoned everything except wirleless and uverse

Flyonthewall

@206.248.154.x

A US company in the EU?

With all the consumer protections they have? This is a dead issue. The have no interest at all in having to actually perform.
stufried
Premium
join:2003-10-13

How About EU Roaming Rates?

If ATT's network now covers Ireland; how about matching TMobile's international roaming plans with EU roaming rates.