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M&As Consolidate India's Telco Market Merger and acquisition activity among Indian service providers surged last year, with predictions of another busy year throughout the remainder of 2018, as telcos use size to improve their competitiveness, buying power and footprint. Telco M&A activity reached a value of $14.69 billion in 2017, according to a March 2018 EY report. That was up 500% from $2.7 billion the prior year, EY research determined. Overall, India's total M&A deal volume hit a seven-year high in 2017 with 1,022 transactions worth $46.8 billion, EY determined. Telecom firms represented about one third of the value of all Indian M&A transactions in 2017; financial services came in second with 17% market share, followed by technology's 12%, according to Thomson Reuters. "The sector put up an impressive show, leading the pack with the highest yearly deal value of $14.7 billion recorded in the last ten years, although on the volume front, the activity was flat with 19 deals, the same as last year," EY said in a note on the telecoms industry, as reported by the Economic Times.
As service providers rely more on content to differentiate themselves, boost profits and woo new subscribers while retaining existing customers, the Indian media and entertainment segment saw its share of M&A activity, too. However, this declined to 40 deals in 2017 from 56 in 2016, with value more than halving to $1.3 billion last year from $2.8 billion last year in 2016, EY determined.
Why so many M&As?
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1:00 p.m. New York / 6:00 p.m. London When your broadband business adds new services and connected devices, do they also add complexity, slowing customer support teams as they navigate multiple data sources to uncover connectivity issues? We’ve worked with hundreds of support teams to help them implement a subscriber experience management platform that gives greater visibility into subscriber issues. They can proactively troubleshoot amid complexity—improving the subscriber experience and raising customer satisfaction ratings like Net Promoter Scores. Join this webinar with experts from Calix and global research leader Omdia who will share exclusive research about how you can:
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