Telecom mergers and acquisitions in emerging markets like Russia, the Middle
East, and subSaharan Africa aren’t likely to taper off in 2008, despite the
ongoing global credit crisis.
** Check out our
Russia Phone Card
“A large number of executives think emerging markets is the place to be,”
explained Gavin Owston, head of European telecom, media, and technology
investment banking for ABN Amro.
Virgin Mobile’s head of business development, Robert Samuelson, confirmed this
trend, commenting that “emerging markets is really where all the action is and
where all our attention is.” Virgin Mobile is already present in the South
African wireless market, and plans to establish operations in India in the early
part of this year.
As the highlyprofitable wireless voice market reaches maturity in North America
and Europe, regional carriers operating in developing nations have become
attractive acquisition targets for established Western carriers seeking to
capture new sources of income.
This newfound focus on global expansion has motivated a number of major
acquisitions in recent months, most notably Vodafone Group’s $13billion
acquisition of India’s Hutchison Essar. 47% of last year’s telecom acquisitions
took place in emerging markets, according to data from Thomson Financial.
Tag Clouds: Russia Calling Card,
Middle East Phone cards,
Calling Cards Middle East