AT&T Stalking Europe for Mergers

AT&T Inc. is once again starting up its deal machine.

The telecommunications giant is considering buying a counterpart in Europe, a bet that it can best escape constraints on growth at home by getting into a new wireless market where it can upgrade technology and roll out more lucrative pricing strategies, people familiar with the carrier’s thinking said.

The company is currently studying targets, and a deal — if one happens — could come before the end of the year, those people said.

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