(Bloomberg) -- Global telecommunications dealmaking has just got a boost from Nippon Telegraph & Telephone Corp.'s proposed buyout of its wireless carrier unit NTT Docomo Inc.
The Japanese deal, which could be worth as much as 4.25 trillion yen ($40.2 billion), will raise the year's total value of announced telecom deals globally to $175.4 billion, according to data compiled by Bloomberg. That's a 30% jump from the same period last year.
The NTT-Docomo deal not only helps this year's global telecom flow leapfrog last year's, if successful, it will also set record for the Asia Pacific region's biggest ever telecom transaction. In this year's ranking of the world's top telecom deals, the Japanese buyout narrowly edges out the $39 billion valuation of the joint venture formed by the combination of Liberty Global Plc's O2 and Telefonica SA's Virgin Media in May.
Asia has emerged as a bright spot for dealmakers amid the Covid-19 pandemic. The volume of deals in the region has climbed 18% from a year earlier, while those in Europe and the Americas have plunged.
Read more: Asia Trounces Europe, U.S. With Surprise Record Deal Spree
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