Corporate Development at Telecom subsidiary

Hi All,

I have been offered a Corp Dev Analyst job at a wholly owned subsidiary (approx 250 employees) of a giant telecom firm (over 100,000 employees). The job duties are: strategic projects, biz/financial models, new product development, m&a, alliance and partner projects, and researching new markets. Considering that my background is in finance (back office) and consulting, this seems like a big improvement. The CD team will be just me and the head of CD. I will be considered a part of the unheard-of-subsidiary as opposed to the well-known-parent-company, even though we are 100% owned by them.

I did read harvardgrad08's post however I have specific questions not addressed there (plus that thread hasn't had activity lately). I am really hoping harvardgrad08, hastagcorpdev, and any other CD folks can chime in:

1. The subsidiary could potentially have to wait ~18 months to get an m&a deal approved by the parent company, plus they have not had much m&a activity lately (although they would like to). Is it possible that I don't work on a deal for say 2 years?

2. On a similar note, I really want to be involved in m&a deals, but could this particular environment make it difficult for me to later get into a deal-heavy role (e.g. CD at a more acquisitive firm, boutique IB, VC, PE)?

3. The subsidiary specifically wants to get bought out by a PE firm so that they can grow (they feel that the parent company inhibits growth). How do you view this, and what are the implications for me if we get bought out?

Thanks in advance