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U.S. telecoms industry set for M&A negotiations frenzy

Reuters 

By Liana B. Baker and Anjali AthavaleyREUTERS - In 10 days, the U.S. Federal Communications Commission (FCC) will lift a ban on telecoms companies engaging in merger talks, and Wall Street is betting on T-Mobile US Inc, Sprint Corp and Dish Network Corp to be the first ones out of the gate.Shares of these companies have soared over the past 12 months on expectations of deal talks, and are trading at up to 31 times forward earnings, versus the S&P 500 telecom services index's 18 times.The rich valuations could discourage acquirers, who also have to assume the risk that antitrust regulators may ...

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First Published: Mon, April 17 2017. 22:55 IST
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