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Article: Private-equity eyes wireless; MVNO space likely to gain more attention from VCs, equity firms.
- Article from:
- RCR Wireless News
- Article date:
- February 26, 2007
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: KELLY HILL
Private-equity buyout companies are the darlings of Wall Street, snapping up companies left and right and flush with the cash to do so. According to Thomson Financial, buyouts by private-equity companies accounted for more than 25 percent of the total merger-and-acquisition activity in the U.S. last year-an unprecedented figure.
Some of the deals touched upon the wireless industry, as with the purchase of 80.1 percent of Royal Philips Electronics' semiconductor business by a consortium of private-equity firms last September.
So, is it just a matter of time before carriers themselves are the targets of private equity buyout ...