Restructuring of the TMT sector gathers pace during 2005/06

This article is the seventh in a series that aims to analyse the constantly changing structure of the technology, media and telecommunications (TMT) sector. It seeks to covers the period 25 March 2005 to 24 March 2006.

The article is designed so as to contain at its core the creation of a series of databases in tabular form that can be used to analyse structural trends over a period of many years.

Prior to March 2002, the TMT sector spent two years in the doldrums, and the overall trend continued to be broadly negative during the ensuing year, partly driven by the implosions at the likes of WorldCom. The following two years saw companies coming to terms with a radically different environment. The year commencing March 2005 witnessed a sharp upsurge in restructuring activity somewhat reminiscent of the late 1990s.

Empirical research based on current data is very scarce in the public domain. This series of articles makes a major contribution to the analysis of how and why the structure of the TMT sector is evolving.