Dutch Telecom Company Boosts Hedge Fund Returns

Several telecom related deals have been brokered in Europe over the last couple of months. Vodafone Group Plc (NASDAQ:VOD) (LON:VOD) bought Kabel Deutschland Holding AG (OTCMKTS:KBDHF) (FRA:KD8) (ETR:KD8), Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) announced that it will be selling its handset business to Microsoft Corporation (NASDAQ:MSFT) and Vodafone sold its position in Verizon Wireless back to the company. Each transaction affected hedge funds who were positioned on the long and short side of the companies.