A flurry of deal activity in the telecommunications market at the start of 2012—including the $1.1 billion all-cash offer that the Vodafone Group confirmed Monday it is considering making for Cable & Wireless Worldwide—suggests the collapse of 2011′s largest proposed telecom deal hasn’t put a permanent chill on transactions in the sector.

The possible merger between two of the U.K.’s largest telecommunications companies has landed roles for leading British firm Linklaters and Herbert Smithaccording to U.K. publication Legal Week.