Tech, media and telecoms M&As hit 9-year high


LONDON: Worldwide dealmaking in the technology, media and telecoms (TMT) sectors is at its highest level year-to-date since 2006, buoyed by Nokia’s 15.6-billon-euro (US$16.9bil) bid for Alcatel-Lucent this week, Thomson Reuters data show.

So far this year, deals worth US$245.8bil have been struck globally in TMT, accounting for a combined 23% of worldwide M&A activity, the data show.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Alcatel-Lucent , nokia ,

   

Next In Business News

Oil settles higher on Mideast supply concerns
MAA to sell entire stake in Turiya for RM53mil
Tesla’s plan for affordable cars takes page from Detroit rivals
Singapore’s growth trajectory remains intact and on track for faster growth in 2024
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Rising data centre ability
CMM seeks feedback on Sector Guides for ESG disclosures
Making scents of success
Blackstone, KKR mortgage REITs stung by office debt challenges
Sapura Energy takes a step to turn the tide

Others Also Read