Cravath Partner Tavzel Says Telecom Infrastructure Industry Will Spur More Dealmaking
The U.S. wireless industry is moving toward consolidation and specialization, says Erik Tavzel, a partner at Cravath, Swaine & Moore LLP. Tavzel represented Crown Castle International Corp. on its $2.4 billion agreement to buy the rights to operate cellular towers from Deutsche Telekom AG’s T-Mobile USA. He also advised on the $1 billion takeover of NextG Networks Inc. completed in April. Tavzel spoke with Will Robinson about how recent deals by Sprint Nextel Corp. and Metro PCS Communications Inc. affect the industry outlook for mergers and acquisitions.
Q: What’s driving wireless M&A?
A: We’ve got a mature industry in terms of who the players are and in terms of getting a device in the hands of adults in the U.S., but we have a very dynamic and growing industry in terms of how those devices are used and what that means from an infrastructure perspective.