| With BellSouth out of the picture, there are few large acquisition targets left in the US telecoms sector |
The $67 billion merger of US telecommunications firms AT&T and BellSouth is the latest in a long line of jumbo telecoms link-ups in recent years. The deal itself is spectacular primarily because of its size. But one tantalizing detail in the long-running story lies in just who was advising buyer AT&T. BellSouth, unsurprisingly, chose global institutions Goldman Sachs and Citigroup.
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