Boston, MA 11/08/2013 (wallstreetpr) – AT&T Inc (NYSE:T) has started accepting orders of Nokia’s Lumia 1520 at $199 with a two year agreement. The mobile is also available at $27 per month. Lumia 1520 is a Windows phone with 4G LTE technology and features a 6-inch, 1080p HD display. It has a onboard memory of 16 GB expandable to 64 GB via a micro SD card. Lumia comes with power packed features and apps to compete with the best and is expected to give tough competition to Apple Inc (NASDAQ:APPL)’s iPhone 5C and 5S besides the latest offerings from Samsung Electronics. AT&T also has offers on these mobiles as the company ties up with OEM’s of smartphones ahead of the festival shopping season.
AT&T Inc (NYSE:T) is also moving aggressively in other directions. The company is looking at acquisitions in the European markets. This would also the company to have its footprint outside the competitive U.S. markets. Rumors about a take over of Britain’s Vodaphone Group have been circulating for quite some time. It appears that the company is seriously pursuing the acquisition but is hampered by Vodaphone’s stake in AT&T’s American rival Verizon Communications Inc. (NYSE:VZ). The sale has been finalized at £129 billion but is expected to go through only in 2014. Analysts expect that AT&T would value Vodaphone at £129 to £140 billion.
News has also emerged that AT&T Inc. (NYSE:T) was being paid $10 million by the CIA to access non U.S. call details of suspected terrorists. Even though U.S. citizens are not involved, such disclosures make for a very bad press, particularly in Europe. Europe has been on a boil since details emerged that America’s NIA was tapping mobile records of some top politicians including the German chancellor. The CIA news may hamper AT&T Inc. (NYSE:T)’s efforts to expand in Europe.