It seems that AT&T is not just planning to be the number one carrier in the U.S. If the latest report from the Wall Street Journal is true, then AT&T could be planning to expand its business in Europe. Sources with knowledge of AT&T’s plans told the publication that the telecommunications giant is planning to buy a European carrier in order to gain competitive advantage overseas.

The Wall Street Journal says that the move will also allow the AT&T to “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.” However, it said that the company is currently studying targets. If everything goes well, the deal could be sealed before the end of this year. Let’s take this with a grain of sale, as a move to towards the European waters is surely risky. Until we hear it from AT&T, let’s keep our fingers crossed.

Filed in General. Read more about AT&T.

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