Telecom, media, tech lure PE, VC investors

Private equity and venture capital investment in the telecommunications, media and technology (TMT) sectors reached a new high in the first half of 2016, and the trend will continue in the second half, according to a report issued by PricewaterhouseCoopers on Wednesday.

There were 1,351 PE and VC deals made in the TMT sectors in the first six months, and their investment amount totaled $34 billion, increasing 93.8 percent year-on-year. The second quarter proved particularly notable, with their value hitting a record high of $20.1 billion, according to the report.

The TMT sectors saw a total of 45 deals with a single deal value of more than $100 million during the first half of the year.