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Global Services Sector Hunters and Prey

               The Services Sector is a global industry and for the
             prepared, opportunities abound. Nobody can afford to
              sit still, and offense is still the best defense. Is China
                Mobile ready for a big play in Asia, Europe or the
             Americas? Will Sprint spin Clearwire in time - and then?



20/08/2011
Services Sector Current M&A Status


                         Performer             Management                 Acquisition
Acquirer                 No action             Change                     Target                           Distressed
China Mobile             NTT DoCoMo            Vodafone Group             Nippon Telegraph & Telephone     Landry's Restaurants
Wal-Mart Stores          France Telecom        Tim e Warner               Telecom Italia                   RAIT Financial Trust
AT&T                     CVS Carem ark         SK Telecom                 ORIX                             Dex One
Verizon Com m unications Carnival              Delhaize Group             Sprint Nextel                    Fiber Tow er
Am azon.com              CenturyLink           Icahn Enterprises          KT                               Transcontinental Realty Investors
Telefonica               WPP                   United States Cellular     Veolia Environnem ent            China GrenTech
McDonald's               Brookfield Properties MFA Financial              Sears Holdings
Am erica Movil           Portugal Telecom      Wendy's                    Tele Norte Leste Participacoes
Walt Disney              JC Penney             Starw ood Property Trust   Royal Caribbean Cruises
Com cast                 Hyatt Hotels          Invesco Mortgage Capital Brasil Telecom




20/08/2011
Trond Johannessen
                   Director
                 Phimark BV
               +31 620 59 1015
             trond@phimark.com



20/08/2011

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Global Services Sector Hunters And Prey 20110820

  • 1. Global Services Sector Hunters and Prey The Services Sector is a global industry and for the prepared, opportunities abound. Nobody can afford to sit still, and offense is still the best defense. Is China Mobile ready for a big play in Asia, Europe or the Americas? Will Sprint spin Clearwire in time - and then? 20/08/2011
  • 2. Services Sector Current M&A Status Performer Management Acquisition Acquirer No action Change Target Distressed China Mobile NTT DoCoMo Vodafone Group Nippon Telegraph & Telephone Landry's Restaurants Wal-Mart Stores France Telecom Tim e Warner Telecom Italia RAIT Financial Trust AT&T CVS Carem ark SK Telecom ORIX Dex One Verizon Com m unications Carnival Delhaize Group Sprint Nextel Fiber Tow er Am azon.com CenturyLink Icahn Enterprises KT Transcontinental Realty Investors Telefonica WPP United States Cellular Veolia Environnem ent China GrenTech McDonald's Brookfield Properties MFA Financial Sears Holdings Am erica Movil Portugal Telecom Wendy's Tele Norte Leste Participacoes Walt Disney JC Penney Starw ood Property Trust Royal Caribbean Cruises Com cast Hyatt Hotels Invesco Mortgage Capital Brasil Telecom 20/08/2011
  • 3. Trond Johannessen Director Phimark BV +31 620 59 1015 trond@phimark.com 20/08/2011