M&A has become a strong lever for accessing new markets, assets and capabilities. This is well confirmed with the volume of M%As deals prior to the last recession which began in 2007. Meanwhile, there are well documented evidence that most M&A ended not providing the kind of leverage originally anticipated. Many reasons have been adduced for this depending on the school of thought. Some hinged it on motives, others on the process of consumating the M&A in the first place. The case of M&A deals in the equipment sub-sector of the telecommunication industry however suggested that there could be some hidden motive for M&A other than those stated in the litterature. For instance, the industry was deregulated to strengthen competition and thus prevent monopoly. The signal from the equipment sub- sector however seems to suggest that M&A deals are aimed at achieving consolidation, thus defeating the purpose for deregulating the industry by the regulator. The book is a good read for student and lecturers alike.