Macro
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month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +0.10 | +0.10 | +0.10 | +0.20 | +0.20 | +0.20 | +0.20 | +0.20 | +0.20 | +0.55 | +0.30 | +0.30 |
The communication sector turned modestly bullish this month, driven primarily by the landmark $33 billion Bell Atlantic acquisition of TCI, signaling a major strategic push to converge telecom and cable infrastructure on the emerging information superhighway. This deal underscored renewed confidence in integrated broadband services and set a tone of aggressive modernization across the sector. The macro environment supported risk appetite, but the sector's positive tilt was rooted squarely in this transformative consolidation.
How this mood is scored ▾
Bell Atlantic agreed to acquire cable giant Tele-Communications Inc in a deal valued around $33 billion, the largest merger attempt since the RJR buyout. The tie-up promised to fuse phone and cable networks into interactive services, igniting a media-telecom deal frenzy. Its collapse months later cooled but did not end convergence mania.