Europe Will See Wave Of Telco M&A This Year

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Ratings firm says in-market, fixed-mobile combinations will be most likely as players seek revenue, cost synergies.
European telecoms will be one of the most active industries for mergers and acquisitions in 2014, predicted Standard & Poor’s on Wednesday.

The ratings firm said capital markets continue to support refinancing and acquisitions through bank and bond debt, equity, and hybrid capital.

“We consider that in-market (rather than cross-border) wireless consolidation appears the most likely to generate significant revenue and cost synergies,” said a research note from S&P, which also acknowledged that deals of this nature tend to face tough regulatory scrutiny from the European Commission.

Indeed, Brussels’ recent concerns about tie-ups between Telefonica and E-Plus in Germany, and Hutchison and O2 in Ireland are just the latest in a long line of examples. Original Post at Total Telecom

Wahengbam Rorrkychand

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