Tracked deals
9
9 tracked deals across 2024.
Telecommunications Divestitures in 2024
Buyer mix
Mixed buyer set
7 strategic · 3 pe
Top trend
Volume peaked in 2025
12 tracked deals announced in 2025.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Aware Super | 1 | Australian profit-for-members superannuation fund and ins... | Investor |
| Balmoral Funds LLC | 1 | Los Angeles-based private equity firm investing in mid-ma... | PE |
| Convergence Partners | 1 | Pan‑African technology-focused private equity firm invest... | PE |
| Ctrack Holdings | 1 | Provider of vehicle tracking, fleet management and telema... | Strategic (PE-backed) |
| EarthLink | 1 | Internet service provider delivering wired and wireless a... | Strategic |
| Ezee Fiber | 1 | Houston-based fiber internet service provider delivering ... | Strategic |
| French State (represented by Agence des participations de l'Etat) | 1 | French government shareholding agency that represents the... | Mixed |
| Lumine Group Inc. | 1 | Publicly traded acquirer that buys, operates and grows co... | Strategic |
| Macquarie Asset Management | 1 | Global asset manager with a large infrastructure and real... | PE |
| Network Innovations | 1 | Global technology integrator providing critical communica... | Strategic |
Acquisition Volume in Telecommunications Divestitures in 2024 by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
December 31, 2024
- Buyer
- French State (represented by Agence des participations de l'Etat)
- Target
- Alcatel Submarine Networks (ASN)
- Seller
- Nokia Oyj
- Industry
- Telecommunications
- Location
- Île-de-France, France
- Type
- Divestiture
Nokia completed the sale of Alcatel Submarine Networks (ASN) to the French State (represented by the Agence des participations de l'Etat) on 31 December 2024, with Nokia retaining a 20% stake and board representation until a targeted exit. The divestment allows Nokia to focus its Network Infrastructure portfolio while positioning ASN under French State ownership to support its continued development as a strategic, vertically integrated submarine cable systems provider.
-
December 11, 2024
- Buyer
- Ezee Fiber
- Target
- Conterra Networks (New Mexico fiber assets)
- Seller
- Conterra Networks
- Industry
- Telecommunications
- Location
- North Carolina, United States
- Type
- Divestiture
Houston-based Ezee Fiber acquired Conterra Networks’ New Mexico fiber assets, adding 128 miles of installed fiber across Santa Fe, Rio Rancho and Los Lunas. Terms were not disclosed; Ezee Fiber said the deal will accelerate its FTTH deployment and broader New Mexico expansion as part of a multi-state growth plan.
-
December 2, 2024
- Buyer
- Ctrack Holdings, Convergence Partners
- Target
- Inseego global telematics business
- Seller
- Inseego Corp.
- Industry
- Telecommunications
- Location
- California, United States
- Type
- Divestiture
Inseego Corp. completed the sale of its global telematics business to Ctrack Holdings, a portfolio company of Convergence Partners, for $52 million in cash. The divestiture lets Inseego focus on its core 5G business and repay debt, while Ctrack expands its telematics capabilities and geographic footprint across the UK, EU, Australia and New Zealand.
-
October 14, 2024
- Buyer
- Vocus, Macquarie Asset Management, Aware Super
- Target
- TPG Telecom's Enterprise, Government and Wholesale (EG&W) fixed business and associated fibre assets
- Seller
- TPG Telecom
- Industry
- Telecommunications
- Location
- New South Wales, Australia
- Type
- Divestiture
Vocus, together with shareholders Macquarie Asset Management and Aware Super, agreed to acquire TPG Telecom's Enterprise, Government and Wholesale (EG&W) fixed business and associated fibre and submarine cable assets for A$5.25 billion. The deal creates a scaled digital infrastructure operator in Australia with expanded fibre and subsea assets and includes a long-term strategic partnership giving TPG ongoing access to Vocus' fibre network; completion is subject to regulatory approvals.
-
September 30, 2024
- Buyer
- Balmoral Funds LLC
- Target
- Xirgo Technologies
- Seller
- Sensata Technologies
- Industry
- Telecommunications
- Location
- Illinois, United States
- Type
- Divestiture
An affiliate of Balmoral Funds LLC acquired Sensata Technologies' Insights business unit and rebranded it as Xirgo Technologies, establishing the unit as an independent IoT and telematics company. Balmoral will invest in R&D and market expansion while appointing IoT veteran Chris Wolfe as CEO to drive growth in IoT and AI video markets; Xirgo supports over 900 channel partners and deploys more than 1.6 million devices per year.
-
September 1, 2024
- Buyer
- Network Innovations
- Target
- Infosat Communications
- Seller
- Telesat Corporation
- Industry
- Telecommunications
- Location
- Alberta, Canada
- Type
- Divestiture
Network Innovations has acquired Infosat Communications, a satellite services business formerly owned by Telesat Corporation, with the first closing of the sale occurring on September 1, 2024. The acquisition adds Infosat’s remote connectivity expertise (including maritime and enterprise services) to Network Innovations’ global technology integration capabilities and will be closed in phases pending regulatory approvals.
-
July 25, 2024
- Buyer
- Proximus
- Target
- Fiberklaar
- Seller
- EQT Infrastructure V (EQT)
- Industry
- Telecommunications
- Location
- East Flanders, Belgium
- Type
- Divestiture
Proximus has agreed to acquire EQT Infrastructure V’s majority stake in Fiberklaar for EUR 246 million, making Proximus the sole shareholder. Fiberklaar, headquartered in Ghent, is Flanders’ leading independent fiber-to-the-home provider and the transaction is intended to increase rollout efficiency and capture synergies to accelerate fiber deployment across Flanders.
-
- Buyer
- Lumine Group Inc.
- Target
- Axyom.Core
- Seller
- Casa Systems
- Industry
- Telecommunications
- Location
- Massachusetts, United States
- Type
- Divestiture
Lumine Group Inc. completed the acquisition of the Axyom Cloud Native 5G Core software and RAN assets from Casa Systems. The assets will operate as an independent business unit under the brand Axyom.Core and expand Lumine's communications and media software portfolio in a corporate carve-out divestiture.
-
- Buyer
- EarthLink
- Target
- BroadAspect
- Seller
- BroadAspect
- Industry
- Telecommunications
- Location
- Virginia, United States
- Type
- Divestiture
EarthLink has acquired the fiber-optic and fixed wireless network assets of BroadAspect, boosting EarthLink Business's East Coast network footprint and service offerings. BroadAspect will continue to operate as a managed IT and cybersecurity firm while EarthLink assumes control of the network and related clientele.
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Divestitures in 2024