Mergers and Acquisitions in the Telecommunications Industry

B. Rajesh Kumar
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B. Rajesh Kumar: Institute of Management Technology

Chapter 2 in Mega Mergers and Acquisitions, 2012, pp 60-95 from Palgrave Macmillan

Abstract: Abstract The telecommunications (telecom) industry is one of the most profitable and rapidly developing industries in the world, and is regarded as an indispensable component of the worldwide utility and services sector. The mobile industry generates around $900 billion of annual revenue and accounts for around 1.5 percent of world GDP. There are currently 5.6 billion mobile customers, which is equivalent to around 80 percent of the world population. Approximately 75 percent of mobile customers are in emerging markets such as India and China. Globally, the goal of bringing the benefits of competition, including lower prices, higher quality and greater innovation to telecommunications consumers has resulted in the removal of many barriers to entry into telecommunications markets. As a result, firms in the sector find it strategically desirable to enter new markets by merging, acquiring or forming an alliance with a firm that already has a presence in that market. Telecommunications operators are facing the challenges of growth, convergence, business transformation, technological change and regulatory pressures.

Keywords: Federal Communication Commission; Voice Over Internet Protocol; Telecom Industry; Telephone Service; Wireless Service (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-00590-8_2

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DOI: 10.1057/9781137005908_2

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