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Cambridge, Massachusetts - November 2, 2010 - Best-in-class private equity firms will thrive due to ample buying opportunities available in the European marketplace, and will play an increasingly pivotal role in the Technology, Media, and Telecommunications (TMT) landscape, according to a new report from Pyramid Research (www.pyr.com).
Meet the Parents: Private Equity to Play a Prominent Role in European M&A highlights the trends in the telecom segment that are driving the rethink at the operator level and the factors that are likely to drive a resulting increase in financial sponsor activity. The report also profiles firms from the PE space and outline the role and resources (both financial and human) that these firms could bring to the TMT table.
Download an excerpt here.
Purchase this report online.
Telcos are facing austere times and are readjusting their strategies and organizational models in order to define the road ahead, notes Julian Morrison, Research Manager at Pyramid. “The current outlook for the economy as a whole, the telecom industry specifically and the balance sheet woes of operators are the drivers for operator realignment and the subsequent M&A activity that we will see over the next 18 months,” says Morrison. “The resulting opportunity pool of ‘unloved’ assets and limited number of buyers is one that provides a clear opportunity for private equity.”
Recently this refocusing of resources has also seen several announced and completed disposals, sales, and spinoffs. “Vodafone’s CEO, Vittorio Colao, has mandated the sale of the majority of the firm’s strategic stakes acquired over the last 10 years; Telecom Italia has highlighted its refocus on domestic markets with the sale of HanseNet and BBned; and TDC recently signaled the end of its foray into the Swiss mobile market with the sale of Sunrise for the handsome price tag of US$3.2 billion,” indicates Morrison.
Pyramid Research believes that as many as 25 transactions will be completed before the end of the year, which would represent a near 100 percent increase over 2009 (13 transactions total). “Growth equity providers could be important partners for operators looking to take advantage of acquisition opportunities and, as operators look to spin off assets, private equity interest could allow them to unlock value currently sitting on their balance sheets,” Morrison adds.
Meet the Parents: Private Equity to Play a Prominent Role in European M&A is part of Pyramid Research's Europe Telecom Insider report series. Download an excerpt of this report. This report is priced at $595 and can be purchased online or by contacting info@pyr.com.
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About Pyramid Research
Pyramid Research (www.pyr.com) offers practical solutions to the complex demands our clients face in the telecommunications, media and technology industries. Our analysis is uniquely positioned at the intersection of emerging markets, emerging technologies and emerging business models, powered by the bottom-up methodology of our market forecasts for over 100 countries – a distinction that has remained unmatched for more than 25 years. As the telecom research arm of the Light Reading Communications Network, Pyramid Research works with Heavy Reading, providing the communications industry's most comprehensive market data, trusted research and insightful technology analysis.
About Light Reading
Founded in 2000, Light Reading (www.lightreading.com) is the leading online media, research, and event focused company serving the $3 trillion worldwide communications market. Lightreading.com is the ultimate source for technological and financial analysis of the communications industry, leading the media sector in terms of traffic, content, and reputation. Light Reading’s research arms, Heavy Reading and Pyramid Research, provide the most comprehensive communications research, market data, and technology analysis in close to 100 markets around the world. Light Reading produces nearly 20 targeted communications events including TelcoTV, and TelcoTV Asia, Ethernet Expo New York and Ethernet Europe, and The Tower Summit @ CTIA, as well as focused one-day events tailored for cable, mobile, and wireline executives in the US, Europe, India, and China. Light Reading was acquired by United Business Media in August 2005 and operates as a unit of TechWeb.
About UBM TechWeb
UBM TechWeb (http://www.ubmtechweb.com/), the global leader in technology media and business information, enables people and organizations to harness the transformative power of technology. Through its core businesses - media solutions, marketing services, and professional information - UBM TechWeb produces the most respected and consumed brands, applications, and services in the technology market. More than 14.5 million business and technology professionals (CIOs, IT and IT Support managers, Web and digital professionals, software and game developers, government decision makers, telecom providers and business executives) actively participate in UBM TechWeb’s communities. UBM TechWeb brands include: global face-to-face events such as Interop, Game Developers Conference (GDC), Web 2.0, Black Hat, and VoiceCon; large-scale online networks such as InformationWeek, Light Reading, and Gamasutra; research, training, and certification services, including HDI, Pyramid Research, and InformationWeek Analytics; and market-leading magazines such as InformationWeek and Wall Street & Technology. UBM TechWeb is part of UBM, a global provider of media and information services for professional B2B communities and markets.
Press Contact:
Jennifer Baker
Pyramid Research
+1 617-871-1910
jbaker@pyr.com
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