NEW YORK (TheStreet) — The telecommunications sector has been heating up lately with merger and acquisition news as Verizon has reached a deal to buy out Vodafone from their partnership in Verizon Wireless.
Separately, Vodafone is in the process of taking over Kabel Deutschland, Germany’s largest cable company. Latin American giant America Movil is embroiled in a so-far unsuccessful attempt to take over KPN from the Netherlands. The latest news has AT&T interested in bidding for Vodafone.
M&A activity often comes in waves within a sector or industry, and the telecom sector has historically seen a lot of M&A activity, although not recently. The original AT&T was split into seven regional bell operating companies, or “baby bells,” in 1984. In subsequent years the seven have become three. …Click to view a price quote on VZ. Click to research the Telecommunications industry.