UPDATE: Leap Wireless (LEAP) Looking More Attractive as M&A Target, Macquarie Upgrades to Neutral

Prepare for Next Wave of Telco M&A - Analyst (T) (VZ) (DISH) (S) (TWC)

Takeover activity in the telco space has been hot and heavy, but according to analysts at Macquarie the activity is not over and they are telling clients to "expect the unexpected before the deal window closes."

Macquarie analysts led by Kevin Smithen are anticipating a "wave of large transactions involving US telcos before a further rise in borrowing costs, slowing US wireless revenue growth, and potentially lower share prices prohibit significant transactions from occurring."

The recent Verizon (NYSE: VZ) bid for Wind in Canada and the bidding war for Clearwire... More