Bernstein Considers Implications of AT&T for Telefonica Blocked Deal Rumor
June 17, 2013 at 11:10 AM EDT
In a report published Monday, a Bernstein analyst suggested the rumor the Spanish government blocked a massive bid for Telefonica (NYSE: TEF ) from AT&T (NYSE: T ) indicates AT&T might be interested in emerging market exposure. AT&T is currently seeking ways to spend its money in Europe as