Any links to the ASUs on your website must be directed to this page and not to the individual documents so that users understand the requirements and conditions for the use of ASUs. Telecompetitor covered more than two dozen mergers and acquisitions in 2016 and they involved numerous facets of the industry.Other deals involving Tier 2 & 3 service providers announced in 2016 include: Competitive Carrier Consolidation Another important trend this year was major consolidation among challenger companies that arose in the 1990s to offer telecom services in competition with the major players.The aforementioned Verizon/XO, Century Link/Level 3 and Windstream/Earthlink deals are poised to take three major competitive players out of the market.Verizon made plans to acquire XO Communications in order to obtain the competitive carrier’s spectrum licenses, which Verizon plans to use to support 5G wireless service.Verizon also said it would acquire Yahoo, a move aimed at enhancing the carrier’s ability to earn revenues through digital advertising opportunities — although some news reports have speculated that the deal is in peril.
On the cable side, an important deal involved TPG Capital acquiring two companies whose strategy is to overbuild incumbent cable providers—RCN and Grande Communications.
Here’s a summary of key trends and how they are reshaping the communications service provider playing field.
Tier 1 Telecom M&A The biggest changes occurred in the cable industry, where the desire to obtain increased scale spurred a mega-merger that brought three of the nation’s largest cable providers into a single entity.
A new financial reporting standard issued by FASB on Wednesday amends rules for consolidating variable-interest entities (VIEs).
The guidance is contained in Accounting Standards Update No.
FASB also is considering whether other changes to the consolidation guidance for common-control arrangements are necessary.