Mergers and Acquistions News
Categories: Telecoms
November 5th 2008, 15:54PM
Telecoms firms should not let the economic downturn deter them from engaging in mergers and acquisitions, according to one expert.
Writing for Telecoms.com, James Middleton explained that for companies which have tangible resources available, a more aggressive stance can be taken.
He said: "The opportunities to pool risk, increase access to capital markets, and better negotiate with suppliers are worthy goals."
According to analyst firm Ovum, the current climate means that firms in a good position will find that there are many opportunities to grow through takeovers in the coming months.
However, companies which become distracted by other goings on could lose out and be unprepared for when the economy improves, it warned.
Recently, it was revealed that Vodafone has upped its stake in Polish telecommunications firm Polkomtel.
The mobile phone provider purchased the stake from TDV for €176 million (£136.7 million) plus interest and increased its total holding from 19.6 to 24.4 per cent.
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