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1、Capital CurrentsEuropes Telecom Industry Should Prepare for a Big M&A Shake-Up Oliver Wyman2Julien VincentEmmanuel AmiotNicolas PetteMatias FagianoChiara GorinoCapital Currents is a cross-industry series focused on distilling the key trends in M&A and identifying how management teams can capture val
2、ue.Trends in focus Oliver Wyman3Capital Currents:Europes Telecom Industry Should Prepare For A Big M&A Shake-UpEuropes telecommunications industry must brace itself for transformation as a new era of mergers and acquisitions(M&A)is set to begin.We believe that,during the next decade,four catalysts w
3、ill fundamentally reshape the telecom landscape:Many markets are currently mature and offer limited organic growth prospects Each markets telecom landscape is fragmented and requires consolidation for players to scale Calls for national sovereignty in critical communications infrastructure demand mo
4、re consolidation Regulators are now more favorable to consolidation Together,these catalysts are creating a compelling environment in which strategic M&A can unlock substantial value across the industry.In response to these dynamics,we identify five distinct deal archetypes that will define the futu
5、re of telecom M&A:In-market consolidation designed to strengthen market health and realize fixed-cost synergies Cross-border consolidation to capture scale and achieve global reach Portfolio rebalancing to optimize asset and service mix Growth engine acquisitions adjacent to the core business that d
6、rive profitable and sustainable growth supported by a strong right-to-win Digital infrastructure consolidation to build scale economies and optimize returns on capitalEach archetype offers unique opportunities to enhance value,whether through operational synergies,market health,or adjacent market gr