Monday, October 31, 2005

All-out war

This market is going crazy. I have seen so many M&A headlines today, not only in telecom, that my head is spinning. Just now we got word that Telenor, with the ink barely dry on the TAC deal in Thailand, is acquiring Vodafone Sweden, which rockets it into third place in Sweden with a good franchise (15% subscriber share, but 23% revenue share). This on the same day that TeliaSonera's purchase of Chess/Sense got regulatory clearance. It's almost like M&A strategy is being driven by the press departments!

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