Microsoft and Nokia, Verizon and Vodafone: Expect More Big Deals this Year
According to Intralinks Deal Flow Indicator, which tracks global early-stage sell-side mandates and deals reaching due diligence, the second half of 2013 should see record deal volumes in the TME sector and broadly across other industries.
11 September 2013
Over the last week we’ve seen two big telecommunications deals get announced: first, Microsoft announced plans to acquire the European telecommunications company Nokia for EUR 5.44 billion, quickly followed by Verizon Communications signing the third largest corporate deal ever, by agreeing to pay $130 US billion to buy UK-based Vodafone out of its stake in Verizon’s US wireless business.
Is this a pattern? According to Intralinks Deal Flow Indicator, which tracks global early-stage sell-side mandates and deals reaching due diligence, the second half of 2013 should see record deal volumes in the TME sector and broadly across other industries.
The latest Intralinks Deal Flow Indicator (DFI) report revealed record quarter-on-quarter growth, with the TME sector looking particularly strong in the US and EMEA. After several mixed quarters, we are seeing signs of a recovery in the M&A market. Dealmakers are taking a more proactive approach to M&A strategies rather than sitting on the fence - corporate confidence is returning and capital is finally being put to work.
The second half of 2013 should see a higher volume of announced M&A deals globally across most sectors, even in territories like Europe where there is still lingering economic uncertainty.
Ian Bruce is the VP of Corporate Communications at Intralinks. He has 20 years of international marketing experience across software, hardware, consulting, and financial services at both VC-backed start-ups and large multinationals. Prior to joining Intralinks, Ian held various marketing and communications roles at Avid Technology, HP, Novell, Systinet, and CSC.