Quick Edit | The telecom deal frenzy

Quick Edit | The telecom deal frenzy
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First Published: Fri, Sep 11 2009. 12 16 AM IST
Updated: Fri, Sep 11 2009. 12 16 AM IST
We have recently seen four big consolidation moves among global telcos.
Bloomberg reported that BhartiAirtel sweetened its offer for South African peer MTN Group, taking a delicate engagement one step closer to the altar. A group of investors led by the little-known Vavasi Group and Malaysian billionaire Syed Mokhtar Al-Bukhary bid for Zain, the biggest telecom operator in Kuwait and a company that has a firm footing in the dynamic African market as well. French telecom firm Vivendi has put in an all-cash bid for Brazilian telecom operator GVT Holdings. And Deutsche Telecom and France Telecom have decided to merge their T-Mobile and Orange franchises in the UK.
It is well known that deal making is back as the global economy stabilizes and risk capital is on the move again. But the flurry of telecom deals is more than just a subset of the revival of animal spirits.
The four telecom deals tell us two things: The telecom business is maturing in most parts of the world and what could follow is a rush into final frontiers such as Africa.
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First Published: Fri, Sep 11 2009. 12 16 AM IST
More Topics: Bharti | MTN Group | Telecom | Vivendi | GVT Holdings |