Vincent Boland: Europe’s most unloved sector beginning to attract advances
The competition-heavy, investment-light approach to the once heavyweight sector has led it to near-extinction. Is the interest of US private equity firm KKR likely to bring one such casualty, Telecom Italia, back from the brink?
In the late 1990s, as Europe’s first wave of corporate mergers and acquisitions reached its peak, a company named Olivetti made a €55 billion takeover bid for Telecom Italia, which at the time was one of the continent’s biggest phone companies. Olivetti started out as a maker of typewriters and was struggling in the new world of computers, but Roberto Colaninno, its chief executive, had outsized ambitions for his company.
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Vincent Boland: End of Airbus’s double-decker a sign of aviation’s changed flight plan
The aerospace giant and its fierce rival Boeing face enormous challenges in the years ahead, and both need to be airborne again before long
Vincent Boland: The investor’s dream: Apple remains above the noisy fray of Silicon Valley
The seemingly untouchable tech giant’s value briefly grazed $3tn last week, but its shrewd chief executive will be aware, as the fate of BlackBerry shows, that nothing lasts forever
Vincent Boland: All in the Games: Winter Olympics will reflect the new China
Recent developments suggest Beijing feels it no longer needs the West’s money. But a retreat from Western financial markets might not be all bad – if it results in domestic reform and a crackdown on corruption
Vincent Boland: Mergers and acquisitions spree could be the start of something big
This year’s boom in M&A activity worldwide may just be the beginning of a period of corporate restructuring unlike any since the financial crisis