Data privacy considerations in telecommunications M&A
The telecommunications sector is seeing increasing competitive intensity, evolving consumer behaviors and disruption. In response, global merger and acquisition (M&A) activity among telecommunications companies reflects the ongoing transformation in the sector. Within this context, M&A transactions (whether buyer or seller focused) among telecommunications companies – irrespective of where the transaction occurs or which countries are impacted – will likely be subject to data privacy laws, requirements and obligations.
Efforts to update regulations regarding privacy and personal data protection are underway in several countries and regions, most notably the European Union, which has introduced the General Data Protection Regulation (GDPR) package. Compliance requirements for operators are in flux, particularly as regulators seek to strike a balance between consumer protection and national security needs.
The Data privacy considerations in telecommunications M&A: do you know your risk? insight piece examines the landscape around data privacy, leading practices for buyers and sellers, as well as data privacy requirements for several countries.
The data privacy issues discussed in this article are not insurmountable, and with appropriate consideration and due diligence, may be identified and addressed via pre- or post-transaction remedial action or allocation of risk through the agreement, or both. Engage with your clients today regarding these issues.
For more information, please contact Alec Christie