Each and every organization sustainably broadens the scope of its business and respective customer functioning. The Telecom Industries are using emerging technologies in order to improve and enhance their business practices and strategies. In practice, acquisition is a corporate action or a practice in which mainstream company buys most of the firm’s ownership stakes in order to take control of it and operate collaboratively. Korek company is a well renowned example of telecommunications groups, as the company provides a wider range of services which involve voice, data, messaging and fixed communication. The combination of Korek and another well-renowned telecom industry will prove to be a boom in the contemporary world.
The acquisition of the telecom industries creates a scale to proactively meet the customer’s accelerating future demands for data consumption and advanced level telecommunication services. With the acquisition process, the company will be rationalizing its infrastructure; generating operational efficiencies; lower maintenance expenses and savings in energy costs. Subsequently, the integration of companies will efficiently and proactively fulfil the forthcoming demand of the customer which leads to the achievement of higher customer satisfaction.
Let’s take a look at the biggest mergers and acquisitions in the telecom industry.
AT&T and Time Warner:
It is one of the biggest mergers of the year. The merger was not an easy thing, it followed a long legal battle with the US Justice Department. AT&T closes $85.4 Billion Time Warner Acquisition.
Disney and 21st Century Fox
Shareholders of these two major companies approved to buyout major Fox by Disney in $71.3 billion. The deal was carried out in July 2018 and it came into motion in the beginning of the year 2019.
Comcast and Sky Takeover
The former offered a huge amount of $39 billion to take over the latter. But the shareholders of British Broadcaster Sky asked to accept an offer $40 billion. On 15th December 2018, the two rival media related companies against each other. The merger was not a smooth one and it continued for three auctions. The result was the acquisition of Sky by Comcast.
Merger of Globalstar, Fiberlight
These two major satellite communications providers came together when Globalstar revealed its plan in $1.65 billion in April, 2018. The deal would result in the combination of wireless, fixed broadband assets and satellites.
Note:There are many other telecom companies which are offering great deals for the customers. In 2011, 20% of indirect stake in Korek Telecom were acquired by France Telecom. It was the most famous case in the middle east. The reason was Korek who became the first operator to partner with Facebook and Internet.org in Iraq to launch Free Basics.
Acquisition of Horizon Telecom for $220 Million
A private equity, Novacap, intent to buy Horizon Telecom, fiber infrastructure provider for $220 million.
Acquisition of MegaPath
MegaPath was acquired by Fusion Telecommunications in a definitive agreement in the month of May last year. Fusion Telecommunications bought the company for $71.5 million. The main motive was to collectively perform than the competitors becoming a single unit of Unified Communications provider.
Windstream Buys Mass Communications for $37.5 Million
After acquiring Mass Communications, the parent company has started providing a broader range of custom voice, global cloud solutions and networking. Windstream did the deal for $37.5 Million.
Acquisition of Neutral Path Communications
Zayo, bandwidth and co-location provider, bought all assets from fellow telecom service providers for $31.5 million.
Vodafone and Idea
Indian telecom operator Idea Cellular and UK-based Vodafone signed a merger agreement for $11.6 billion. It became the largest telecom operator in India.
These consolidations in the telecom industry have transformed the telecom sector. The first-three quarters of the year 2018 announced merger & acquisitions of $3.3 trillion. More than 2/5th of the mergers and acquisitions occurred in America. Getting Technical SEO solutions is just amazing in telecom industry for better optimization for the upcoming generation.
Author | Emily Forbes
An Entrepreneur, Mother & A passionate tech writer in the technology industry!