Reports

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M&A Activity

Telecom and Communications M&A activity was down sharply from the previous quarter, dropping 69% from $990 million to $305 million in aggregate deal volume.

The transaction that comprised virtually the entire deal volume was the acquisition of World Wide Packets by Ciena Corporation (Nasdaq: CIEN), in the amount of $290 million. The deal was composed of $200 million in cash, 3.4 million shares of Siena stock and the assumption of $15 million in outstanding debt.

World Wide Packets provides telecom companies with Ethernet broadband Fiber to the Subscriber connectivity solutions via its LightningEdge offering.

Table 2

Venture M&A Activity – 1st Quarter 2008


Industry M&A
Transaction Amounts
% Change
Vs. Prior
Quarter
M&A
Number of
Transactions
% Change
vs. Prior
Quarter
Telecom $ 290 Million -- 1 --
Wireless Undisclosed -- 1 --
Mobile $15 Million -- 1 --
Communications $0 -- 0 --
Total $305 Million - 69 % 3 - 300 %

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