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AT&T and Verizon could soon jointly bid to acquire Vodafone.

Vodafone is second only to China Mobile for the world’s largest mobile telecommunications companies due to 439 million subscribers and high revenues in December 2011.

CNET reported the deal would value Vodafone at $245 billion, if signed. For reference purposes: Verizon’s market cap is now at $142.09 billion, and AT&T sits at 205.88 billion.

The deal would also allow Verizon to acquire Vodafone’s 45 percent stake in U.S. operations. AT&T would then acquire the remaining business outside of the U.S.

The Financial Times, which cited “usually reliable people,” noted both U.S. carriers feel comfortable sharing the risk associated with such a huge deal and further believe it will pass any regulatory obstacles.

Get the full story at CNET.

This article is cross-posted on 9to5Mac.

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