At least a dozen big firms are advising on two major M&A deals in the telecommunications sector: Microsoft's $7.2 billion buy of Nokia's devices and services division and the $130 billion acquisition by Verizon Communications of joint venture partner Vodafone Group's 45 percent stake in Verizon Wireless. Simpson Thacher has landed roles on both transactions—the latter of which is the third-largest M&A deal in history—for clients Vodafone and Microsoft, while Wachtell, Lipton, Rosen & Katz got the call for its first-ever deal for Verizon.
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