Vodafone Group PLC (VOD. LN) was on the top of the list of London's FTSE 100 Index on Monday morning because it is believed that the firm will benefit from AT&T Inc.'s (T) proposed $39 billion acquisition of T-Mobile USA from Deutsche Telekom AG (DTE. XE).

Verizon Wireless is 45% owned by Vodafone and it would surely be benefited by the consolidation of U. S. mobile market. UK based telecom analysts believe that competition will turn the attention of all major players towards consolidation.

Believing it to be a fantastic deal for Vodafone, Sanford Bernstein analyst Robin Bienenstock said,” Disruption at AT&T and T-Mobile USA as well as huge market consolidation means better pricing, more cash to Vodafone. Sprint Nextel Corp. will become seriously marginalized by the deal and will face two giants with far more efficient cost bases and much, much better networks and spectrum holdings”.

Investec Securities analyst Morten Singleton opined that this was very good news for the world’s biggest mobile operator by revenue and it focused in integration and extracting synergies, which doesn't usually benefit near-term operational performance.

When asked to comment on these developments, a Vodafone Spokesman refused to comment on the AT&T deal and the implications for the company.