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Tuesday, September 16, 2014

AT&T 'intrigued' by Mexico, Latin America -exec, (NYSE: T)

AT&T Inc is "intrigued" by Latin America and especially Mexico and would not rule out an opportunistic deal there even as it seeks to complete its $48.5 billion planned takeover of DirecTV, an AT&T executive said at a conference on Tuesday. AT&T is one of several possible buyers Carlos Slim's America Movil has contacted as it tries to sell a chunk of assets, according to a source familiar with the situation.AT&T President and Chief Strategy Officer John Stankey failed to comment on a Bloomberg report on the deal but said that if the telecoms group were not looking at Mexico and Latin America, "I think we would be asleep at the wheel and we are not historically known to do that.""So yes, we are intrigued by it," he said during an investor conference.Asked if AT&T would consider other acquisitions even as it focuses on gaining final approvals for the DirecTV deal, Stankey said he "wouldn't rule anything out."

AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T traded higher by 0.75% or $0.26/share to $34.95. In the past year, the shares have traded as low as $31.74 and as high as $37.48. On average, 19682200 shares of T exchange hands on a given day and today's volume is recorded at 15656002.