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Keyword: bidwars

Vodafone, Cingular Set for AT&T Bid War

02/13/2004 11:21:41 AM PST · by El Conservador · 2 replies · 198+ views
Yahoo! News ^ | February 13, 2004 | Kirstin Ridley and Siobhan Kennedy

LONDON (Reuters) - The world's largest mobile phone firm Vodafone Group Plc (VOD.L) and U.S rival Cingular Wireless were poised on Friday for a head-to-head bid battle that could value struggling AT&T Wireless (NYSE:AWE - news) of the U.S. at around $35 billion. As the clock ticks to a 5 p.m. EST (2200 GMT) bid deadline, sources close to talks said Vodafone was putting the final touches on a bid, while Cingular was ready to fight back. But final bid strategies were expected to be left to the 11th-hour. "What happens in these auctions is that everybody is making decisions...

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