Ovum: Telecom Financial Deals Plummeted in Q4 08

Research firm Ovum released a report this week showing that telecom deals plummeted in 2008’s fourth quarter.

There were only 129 mergers and acquisitions, compared to 192 a year earlier. A mere four deals totaled more than $1 billion – that’s measured against 10 such deals in the final quarter of 2007.

Finally, IPOs dropped to two, down from 14 in the fourth quarter of 2007. The two carriers that went public are located in the Middle East and Africa, Ovum said.

Ovum analysts said service providers are taking a waiting out the global recession before they do any major deals.

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