Takeovers not happening

Phones International Group has had its £120 million bid for rival distributor 20:20 Mobile rejected. And across the channel, France Telecom has abandoned its bid for Scandinavian telecoms giant TeliaSonera. [Sources: Mobile News; IHT.com]

Takeover talks

Vodafone has announced that Verizon Wireless, its partner in the USA, has agreed to buy Alltel for $28.1 billion. Alltel is the 5th largest mobile operator in the USA, with over 13 million customers. This will make Verizon, of which Vodafone owns 45%, the country's largest mobile network with around 80 million customers. Meanwhile France Telecom, which owns the Orange brand, has been rejected after offering to buy Scandinavian telecoms giant TeliaSonera. [Vodafone press release; TeliaSonera press release]