M&A activity in the telecoms sector

Comment: Talking point

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Tim Jagger
Royal Bank of Scotland

Consolidation has been a growing theme in the European telecom sector over the last 18 months or so and we expect further action to take place. Companies have shown an increasing willingness to make acquisitions as equity market valuations and credit ratings have improved, although their hands have been forced somewhat by an active interest from the private equity community. Until quite recently we have been confident that M&A would have a neutral impact on

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