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Telecom merger and acquisition activity surges as global operators and bankers meet in London
Telecoms M&A has increased significantly and many leading telcos, advisers and investment banks including Etisalat, Telenor, Tata, Goldman Sachs, UBS and Citi are meeting to discuss opportunities at the TMT M&A Forum in London on March 14.
Significant deals reported this week include Vodafone and Tata Communications bidding over US$1bn for UK -based Cable & Wireless Worldwide, Turkcell mulling a US$1.4bn bid for Vivacom in Belgium and France Telecom Orange spending US$2bn on a takeover of Mobinil in Egypt. Telenor of Norway has also increased its stake in global operator Vimplecom, while UAE-based Etisalat has been talking about making acquisitions again.
A number of the leading executives from telecom operators and investment banks are meeting at the TMT M&A Forum in London on March 14 to discuss potential deals and strategic issues surrounding transactions and financing. Companies speaking at the open forum include Etisalat, Telenor, Tata Communications, Batleco , Goldman Sachs, UBS, Citi, Macquarie, Silicon Valley Bank, Clifford Chance and SNR Denton.
“There are several factors driving deals and we are entering an exciting period of transition for the telecom sector as operators realign portfolios,”
“The pressure to stem profit falls is also driving sales and acquisitions of infrastructure, and investment into new technology and spectrum,” said Lowndes. “With private equity appetite returning and transitional technologies and applications entering the market through machine to machine, mobile money and social media applications this is likely to be a very busy year for M&A advisers.”
The TMT M&A Forum 2012 (www.tmtfinance.com/
Over 30 speakers have been announced including Daniel Ritz, Chief Strategy Officer of Etisalat Group; Claude Sassoulas, Managing Director, Europe and Americas, Tata Communications;
For further details on programme timings go to www.tmtfinance.com/
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