The following video is from Friday's installment of the Motley Fool's Weekly Tech Review, in which host Chris Hill and analysts Eric Bleeker and Jason Moser look at the biggest stories driving the tech sector this week.
Reports last week out of Spain indicated that AT&T (NYSE: T) was looking at making an offer to Telefonica (NYSE: TEF) valued at $93 billion. According to Spanish newspaper El Mundo, the sale didn't proceed in part because of governmental concerns over having a foreign company buy the country's most valuable telecom player. Yet even if AT&T and Telefonica aren't met to be, there is ample evidence that America's dominant mobile companies have begun looking abroad for growth.
Looking at Verizon (NYSE: VZ) the company has long been trying to figure out what to do about its "Vodafone (NASDAQ: VOD) problem." That company owns 45% of Verizon Wireless, and there have even been talks of Verizon buying Vodafone outright in the world's largest leveraged buyout. Such a move would suddenly turn Verizon into a massive global telecom giant.
In this segment, Eric and Jason discuss the future of these mega-telecom companies as they continue to look for new avenues of growth abroad.
The full video is available here .
The relevant video segment can be found between 8:38 and 11:45.
