Mergers and acquisitions performance within the telecommunications, media and technology sector : case of JSE listed companies

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dc.contributor.advisorBiekpe, Nicholasen_ZA
dc.contributor.authorTshitangano, Tomen_ZA
dc.date.accessioned2016-06-24T06:31:39Z
dc.date.available2016-06-24T06:31:39Z
dc.date.issued2015en_ZA
dc.description.abstractTelecommunications, Media and Technology (TMT) sector also known as the Information, Communication and Technology (ICT) sector continues to grow in most of the global economies including South Africa. Growth within the sector is attributed to constantly emerging start-up and small micro medium enterprises, adding more competition and forcing incumbents to change the way they do business. Many companies struggle to adapt quickly to rapidly changing technologies that often disrupts existing markets and sometimes introduce new markets. Given TMT sector dynamics and challenges, small and large companies within the sector have recently started embracing mergers and acquisitions (M&A) as a growth and defence strategy to ensure that they remain relevant, retain existing markets, expand and venture into new markets in order to continue to create and sustain shareholders value. According to Institute of Management Accountants (1997), the linkage between strategy and value creation can be summarized by two simple laws of value creation; the first law is that management must create value for shareholders; and the second law is that all other stakeholders should also be satisfied in a way that contributes to shareholders value; and the company‟s ability to continue to attract capital by providing incremental value to shareholders is exactly what will allow it to continue to provide attractive products to its customers, attractive employment to its staff, and opportunities for its suppliers. M&A strategies should be executed with the same objective in mind to ensure shareholders value creation. This study investigated M&A performance within the TMT sector in South Africa to understand if they are creating shareholders value given the fact that some of the M&A transactions have failed in the past. The main objective of this research is to assess M&A performance and impact on shareholders value.en_ZA
dc.identifier.apacitationTshitangano, T. (2015). <i>Mergers and acquisitions performance within the telecommunications, media and technology sector : case of JSE listed companies</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,GSB: Faculty. Retrieved from http://hdl.handle.net/11427/20121en_ZA
dc.identifier.chicagocitationTshitangano, Tom. <i>"Mergers and acquisitions performance within the telecommunications, media and technology sector : case of JSE listed companies."</i> Thesis., University of Cape Town ,Faculty of Commerce ,GSB: Faculty, 2015. http://hdl.handle.net/11427/20121en_ZA
dc.identifier.citationTshitangano, T. 2015. Mergers and acquisitions performance within the telecommunications, media and technology sector : case of JSE listed companies. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Tshitangano, Tom AB - Telecommunications, Media and Technology (TMT) sector also known as the Information, Communication and Technology (ICT) sector continues to grow in most of the global economies including South Africa. Growth within the sector is attributed to constantly emerging start-up and small micro medium enterprises, adding more competition and forcing incumbents to change the way they do business. Many companies struggle to adapt quickly to rapidly changing technologies that often disrupts existing markets and sometimes introduce new markets. Given TMT sector dynamics and challenges, small and large companies within the sector have recently started embracing mergers and acquisitions (M&A) as a growth and defence strategy to ensure that they remain relevant, retain existing markets, expand and venture into new markets in order to continue to create and sustain shareholders value. According to Institute of Management Accountants (1997), the linkage between strategy and value creation can be summarized by two simple laws of value creation; the first law is that management must create value for shareholders; and the second law is that all other stakeholders should also be satisfied in a way that contributes to shareholders value; and the company‟s ability to continue to attract capital by providing incremental value to shareholders is exactly what will allow it to continue to provide attractive products to its customers, attractive employment to its staff, and opportunities for its suppliers. M&A strategies should be executed with the same objective in mind to ensure shareholders value creation. This study investigated M&A performance within the TMT sector in South Africa to understand if they are creating shareholders value given the fact that some of the M&A transactions have failed in the past. The main objective of this research is to assess M&A performance and impact on shareholders value. DA - 2015 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2015 T1 - Mergers and acquisitions performance within the telecommunications, media and technology sector : case of JSE listed companies TI - Mergers and acquisitions performance within the telecommunications, media and technology sector : case of JSE listed companies UR - http://hdl.handle.net/11427/20121 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/20121
dc.identifier.vancouvercitationTshitangano T. Mergers and acquisitions performance within the telecommunications, media and technology sector : case of JSE listed companies. [Thesis]. University of Cape Town ,Faculty of Commerce ,GSB: Faculty, 2015 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/20121en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentGSB: Facultyen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherDevelopment Financeen_ZA
dc.titleMergers and acquisitions performance within the telecommunications, media and technology sector : case of JSE listed companiesen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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