世界电信业兼并浪潮及其动因分析

Merger Tides and Its Dynamic Factors in World Telecommunications

本文总结了世界电信业发展历程中的三次兼并浪潮,在此基础上深入分析了电信业兼并的五个主要动因,即经营协同效应、市场力量、电信技术发展、电信行业及有关管制政策、电信全球竞争趋势。其中,经营协同效应和市场力量属于企业兼并的内部动因,而技术、政策和竞争全球化则属于外部推动因素。

This paper summarizes the three merg er tides in the development course of world telecommunications,and analyzes in depth its five main dynam ic factors,namely,operating synergy,market power,technology develo pment,regulatory policies and global comp etition.Among them,operating synergy and market power are internal dyn amic factors while the other three are external promoting factors.