Vodafone shares climb on AT&T takeover interest

Vodafone shares have risen this morning, opening up 2.2 per cent, following reports last night that AT&T is considering a takeover of the phone company next year.

Rumours of a bid have grown in recent months after Vodafone agreed to dispose of its stake in Verizon Wireless.

American AT&T is keen to invest in Europe, and is believed to be working on plans for Vodafone's European operations should a deal be made, according to Bloomberg.