Cable and Telecom Sector Recommendations

​The Cable & Telecom sector has been active in terms of M&A in 2016. Mobile/Fixed convergence has become key in most European countries. Liberty Global, the largest cable operator in Europe, has been very active with the merger of Ziggo and Vodafone NL in the Netherlands and the acquisition of Base in Belgium. In Italy, the commercial agreement signed by Vodafone and Wind with Enel Open fiber will accelerate the momentum. On the contrary, mergers between mobile players have become increasingly difficult since Margrethe Vestager has been appointed the EU Competition Commissioner, as attested by the blockage of the merger between O2 and 3 in the UK and the extensive remedies required for the Wind/3.....