Tracked deals
892
892 tracked deals across 1998-2026.
Tracked deals
892
892 tracked deals across 1998-2026.
Buyer mix
Mixed buyer set
711 strategic · 461 pe
Top trend
Volume peaked in 2022
153 tracked deals announced in 2022.
Primary Insight
| Theme | Examples from recent deals |
|---|---|
| Fiber expansion | Eaton Fiber / Ripple Fiber; Vero Fiber Networks / Velocity Fiber |
| Enterprise connectivity JV | BT Group + Verizon 50:50 JV |
| Satellite/space consolidation | Rocket Lab / Iridium; Gilat / Comtech segment |
| Divestitures & stake changes | e& / Vodafone; IQSTEL / Ultranet |
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Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Grain Management, LLC | 19 | Investment firm specializing in broadband and digital inf... | PE |
| Oak Hill Capital | 14 | Middle-market private equity firm focused on investments ... | PE |
| M/C Partners | 12 | Private equity firm focused on communications, digital in... | PE |
| Wireless Logic | 11 | Global IoT connectivity platform and managed-services pro... | Strategic (PE-backed) |
| LDC | 9 | Mid-market private equity firm (part of Lloyds Banking Gr... | PE |
| Equistone Partners Europe | 7 | European mid-market private equity firm; completed the ma... | PE |
| GI Partners | 7 | Private investment firm focused on private equity, real e... | PE |
| SDC Capital Partners, LLC | 7 | Specialized private investment firm focused on digital in... | PE |
| UPSTACK | 7 | Platform company that sources and advises on cloud and in... | Strategic (PE-backed) |
| Cinven | 6 | Leading international private equity firm investing acros... | PE |
Last 10 years
Supporting Data
Flō Networks (Transtelco Holding, Inc.) announced its intention to launch concurrent public tender offers to acquire up to 100% of Controladora Axtel and up to 100% of Axtel. The transaction is subject to required regulatory authorizations, clearances, and other contractual and corporate conditions.
Astrum Space Inc and SPAC Black Spade Acquisition III Co (BIII) entered into a business combination agreement, valuing Astrum at about $1 billion equity value. The combined company, expected to be renamed Astrum Space Company, will list its ordinary shares on the NYSE, with closing expected by the end of 2026 subject to approvals and customary conditions.
Deutsche Telekom has agreed to acquire 100% of Fiberhost and Inea for an enterprise valuation of approximately €1 billion. The deal expands T-Mobile Polska’s fixed broadband footprint, including ownership of Fiberhost’s fiber-to-the-home network passing more than 1.4 million homes, and adds more than 300,000 Inea customers.
Vero Broadband (doing business as Vero Fiber) and Montana Sky Networks (doing business as MontanaSky) entered into a definitive agreement to unite their organizations in a fiber broadband merger. The companies expect to close shortly after receiving customary regulatory approvals and closing conditions, and the MontanaSky name and local team will remain for customers.
Charter Communications completed its previously announced all-stock transaction with Cox Communications and, concurrently, closed its acquisition of Liberty Broadband. The combined company expands Charter’s Spectrum footprint, adds Cox’s customers and footprint, and brings Liberty Broadband’s assets into Charter’s broadband and mobile platforms.
SurgePays, Inc. formed Redline Wireless Group, LLC as a joint venture to expand its prepaid wireless distribution nationwide. Redline combines SurgePays’ MVNO infrastructure (including the LinkUp Mobile brand and support systems) with a large independent dealer footprint of 20,000+ active prepaid wireless dealers managed by a contributing wireless master distribution organization.
KCA Partners, a Korea-based private equity firm, has signed a definitive share purchase agreement to acquire 100% of SK TNS for an estimated 300 billion to 400 billion won. The deal follows Alchemist Capital Partners Korea’s process to sell its stake in SK TNS, managed by Samil PwC.
Bain Capital and Tillman Global Holdings announced a $1.5 billion investment in Eaton Fiber (a Tillman affiliate) to accelerate Verizon fiber broadband expansion across the United States. In connection with the investment, Eaton Fiber has entered into a definitive agreement to acquire Ripple Fiber, with Ripple Fiber’s existing shareholders (Platform Investment Partners and KLT) continuing to back the Eaton Fiber platform alongside Tillman and Bain Capital.
Emirates Telecommunications Group Company PJSC (e&) announced the termination of its relationship agreement with Vodafone and signed a binding agreement to sell its entire Vodafone holding. e& will divest 3,944,743,685 Vodafone ordinary shares (about 16.21% of issued share capital; 17.13% of voting rights) to Vega, an acquisition vehicle wholly owned by the Niel family group, for total consideration of 112.5 GBp per share, including cash proceeds of about USD 5.95 billion.
Vero Fiber Networks has finalized its acquisition of Velocity Fiber, a fiber provider focused exclusively on the K-12 E-Rate market across four states. The deal is intended to expand Vero’s K-12 network footprint and customer base while integrating Velocity Fiber’s private fiber infrastructure into Vero’s operating framework with no disruption to existing customers.
TCC, a Verizon-authorized retailer under Round Room, LLC, acquired 36 retail locations from R Wireless. The stores expand TCC’s Northeast presence across Connecticut, Massachusetts, New Jersey, New York, and Pennsylvania and bring more than 100 R Wireless employees into TCC.
BT Group and Verizon have agreed to combine their respective international enterprise connectivity operations into a new 50:50 joint venture. The JV will target multinational customers across more than 180 countries, aiming to provide a cloud-first, AI-ready secure connectivity platform, with an expected close in 2027 subject to regulatory approvals.
Rocket Lab has entered into a definitive agreement to acquire Iridium Communications for approximately $8.0 billion in a cash-and-stock transaction valued at $54 per Iridium share. Iridium stockholders will receive $27 in cash and Rocket Lab shares (subject to a collar), and the deal is expected to close in mid-2027 subject to approvals and customary conditions.
Calian Group Ltd. has entered into a definitive purchase agreement to acquire Galaxy Broadband Communications for $24 million in upfront consideration plus up to $27.5 million of earnout payments based on performance over three years. The deal is expected to close in Calian’s fourth quarter (with Crown indicating an expected August 2026 closing), subject to customary conditions, regulatory approvals, and approval from Crown’s debentureholders.
Harmonic Inc. completed the sale of its Video Business to MediaKind for $145 million in cash, subject to customary post-closing adjustments. The divestiture positions Harmonic as a pure-play broadband company focused on virtualized broadband solutions and AI-powered network intelligence.
Grain Management completed the previously announced strategic combination of Ritter Communications and Great Plains Communications to create Rightfiber, a privately held fiber broadband platform spanning 20 states. The merged company will continue investing in fiber expansion and enter a $1.6 billion credit facility led by Fifth Third Bank to fund organic growth and potential M&A.
Gilat Satellite Networks Ltd. has entered into a definitive agreement to acquire most of Comtech Telecommunications’ Satellite and Space Communications (S26S) segment for $157.5 million in cash. The deal is expected to close by the end of 2026 and is subject to customary regulatory approvals and closing conditions.
Telenor has agreed to acquire Enivest, a leading fiber operator in Western Norway, in a transaction valued at NOK 2.5 billion. The deal includes Enivest’s fiber network and about 28,000 customers, along with a 34% stake in Årdalsnett, and is expected to close in 2026 subject to Norwegian Competition Authority approval.
IQSTEL’s board approved a share repurchase program authorizing the company to buy back up to 1 million shares, citing a perceived disconnect between market valuation and intrinsic business value. In a separate transaction, IQSTEL also signed a binding memorandum of understanding to acquire a 51% stake in Ultranet Telecom Group, with expected material uplift to net income from operations.
Orange has signed a joint agreement to acquire SFR, France’s second-largest telecommunications operator, in a transformational consolidation aimed at strengthening its leadership in France and across Europe. The transaction values the total enterprise value at €20.35 billion, with Orange’s share around €5.6 billion, subject to regulatory approvals and closing adjustments.
Greystar Infrastructure announced an equity recapitalization of Zentro Internet, the largest private multifamily-focused internet service provider in the United States. The investment, with participation from StepStone Group and other institutional partners, is intended to strengthen Zentro’s balance sheet and fund accelerated national and geographic expansion while maintaining Zentro’s local service quality. M|C Partners will maintain a strategic position in Zentro’s ownership.
Noble Mobile, founded in 2025 by Andrew Yang, announced it has acquired Helium Mobile to expand affordable wireless coverage across the United States. As part of the deal, Noble will also utilize Helium’s people-powered Helium Network infrastructure to add coverage for subscribers.
Omni Fiber acquired Citizens Fiber, a 100% fiber-optic Internet, TV, and phone provider serving communities in Westmoreland County, Pennsylvania. The deal expands Omni Fiber’s footprint in western Pennsylvania and supports its goal of bringing 100% fiber-optic broadband to underserved communities.
TiniFiber completed its acquisition of CoreLinc LLC, a Southeast-based provider of fiber optic connectivity solutions. The deal expands TiniFiber’s vertically integrated fiber-optic platform and strengthens its operational footprint and logistical capabilities across North America.
A Canadian investor group led by Louis Vachon acquired Cobham Ultra’s Tactical Communications division (Ultra I&C) and spun it into a standalone company branded as Marconi Technologies, headquartered in Montreal. The company launched as a Canadian majority-owned, veteran-run defence prime focused on tactical, dual-use communications for NATO and allied forces.
Great Plains Communications (GPC) entered into a definitive agreement to acquire Fastwyre Broadband’s Nebraska business, which serves more than two dozen communities. The acquisition is designed to expand GPC’s MEF-certified fiber network and provide current Fastwyre customers with expanded services, local support, and future network upgrades.
Fidelity Collective acquired Westone Audio and Etymotic, bringing the two personal audio brands under new ownership. The acquisition closed on May 15, 2026, and both brands will continue operating under the leadership of Sam Roney (CEO) and Tal Kocen (COO), with Tal Kocen previously having worked with both companies.
Intuitive Machines entered into a definitive agreement to acquire Goonhilly Earth Station and COMSAT to expand its integrated space-to-Earth communications network for lunar and deep space missions. The deal is expected to add 44 antennas and increase network availability for deep space communications, data relay, and PNT capabilities, with closing anticipated in Q3 2026 subject to approvals.
Iridium Communications has entered into a definitive agreement to acquire Aireon LLC, operator of the world’s only space-based ADS-B air traffic surveillance system. Iridium will purchase the remaining 61% of Aireon for approximately $366.7 million and assume about $155 million of Aireon’s debt, with the deal targeted to close in early July 2026.
Cloopen Group Holding Limited has entered into a definitive merger agreement to be taken private in a transaction valuing the business at approximately $162.89 million. The company will become a wholly owned subsidiary of HoldCo, controlled by a consortium led by founder and CEO Changxun Sun and supported by additional investment partners; the deal is expected to close in the fourth quarter of 2026.
Inseego and Nokia have signed an agreement for Inseego to acquire Nokia’s Fixed Wireless Access (FWA) CPE business, expected to approximately double Inseego’s revenue and expand its wireless broadband portfolio. Nokia will receive about a 7% equity stake in Inseego at closing and make an additional $10 million investment, with the transaction expected to close in Q4 2026 subject to customary conditions.
Mexican investment firm Ascenda Capital Partners acquired Vialterna in January 2026. The deal follows an M&A process supported by Corum’s “hiatus program,” after which Ascenda submitted an improved monetary and tax-structured offer.
York Space Systems has entered into a definitive agreement to acquire ALL.SPACE, a UK-headquartered provider of advanced satellite communications terminals and multi-network connectivity solutions. The deal is expected to close in the third quarter of 2026, subject to regulatory approvals, after which ALL.SPACE will operate as a wholly owned subsidiary of York.
Amadeus, a travel technology company, announced its intention to acquire Idemia Public Security (IPS), a biometrics and identity services provider, for €1.2 billion. The deal is expected to close in mid-2027, subject to regulatory approvals, and is intended to expand Amadeus’ biometric footprint and strengthen end-to-end biometric travel capabilities.
T-Mobile signed definitive agreements for two 50/50 fiber joint ventures to expand its home broadband reach. One partnership with Oak Hill Capital will combine GoNetspeed and Greenlight Networks, while the other with Wren House will acquire i3 Broadband; both are expected to close in 2026/2027 subject to regulatory approvals and customary conditions.
Truvista Fiber has agreed to acquire and take over operations of the City of Commerce, Georgia municipal telecommunications network supporting local businesses. Upon closing, the network will be rebranded and operated as Truvista Fiber, with Truvista upgrading the existing infrastructure and maintaining service continuity for current customers.
Credo, a company based in San Jose, acquired Hyperlume, an Ottawa-based startup focused on microLED optical interconnects, in a deal valued at about $92 million in cash. The acquisition was revealed via a later SEC filing, with the article noting Credo paid roughly $92M for all Hyperlume shares (about $82.5M net after recovered cash).
Rocket Lab Corporation completed its acquisition of Mynaric AG for approximately $155.3 million (reported as about $160 million in some summaries). The deal adds Mynaric’s laser optical communication terminals to Rocket Lab’s space systems portfolio and establishes Rocket Lab’s first European operational footprint in Munich, Germany.
Amazon announced it entered into a definitive agreement to acquire Globalstar for about $11.57 billion (around $90 per share) in a cash-and-stock deal. The acquisition adds Globalstar’s satellite infrastructure, spectrum licenses, and mobile satellite services capabilities to Amazon’s Amazon Leo low Earth orbit network, with Amazon planning to launch direct-to-device services starting in 2028.
OXIO Inc. and Newfoundland Capital Management led a U.S.-investor consortium that agreed to acquire Movistar Mexico from Telefónica S.A. The transaction is designed to transition Movistar Mexico into a cloud-native, digitally driven next-generation telecom operator using OXIO’s Telecom-as-a-Service (TaaS) platform, while Movistar Mexico continues operating under the Movistar brand and its existing leadership team.
Westnet LLC acquired Low Voltage Installations, Inc. to expand its end-to-end fire station alerting and public safety communication offerings. The deal combines Westnet’s technology platform with LVI’s 26+ years of design, installation, and support expertise—particularly strengthening Westnet’s presence and service capabilities in Colorado.
Telia has agreed to acquire Telness, a Swedish mobile virtual network operator (MVNO), from Nordic Communications Group AB. Telia plans to become the first mobile network operator (MNO) to deploy Telness Tech’s Seamless OS platform, with Telness continuing to operate under its existing brand as part of Telia’s Swedish B2B business.
Mobile Communications America (MCA) has acquired Shreveport Communications, a Motorola Service Center that has served the Ark-La-Tex region for more than 50 years. The deal is intended to expand MCA’s footprint and enhance local, mission-critical communications service support across Louisiana and the surrounding Gulf South region.
FingerMotion entered into a share exchange agreement to acquire Telforge, Inc., a Nevada provider of cloud voice, messaging, and unified communications solutions. Telforge shareholders will exchange their shares for up to 7.33 million shares of FingerMotion common stock, including 2.33 million issued at closing and up to 5.0 million held in escrow with performance-based earnout milestones tied to revenue and secured contract value.
Bluebird Fiber completed the purchase of substantially all of Everstream’s assets and operations, bringing an approximately 25,000 route-mile business fiber network into Bluebird’s Midwest footprint. The combined network spans from Kansas to Ohio and north to the Canadian border, operating under the Bluebird Fiber name with Everstream customers transitioned to Bluebird representatives.
IdeaTek Telcom (IdeaTek) acquired Velocity, the high-speed internet division of Butler Electric Cooperative. The deal expands IdeaTek’s fiber and wireless footprint across south-central Kansas, with Velocity customers transitioning to IdeaTek after a seamless integration process.
Wireless Logic has acquired Comms365, a UK-based IoT connectivity and managed-network specialist, to broaden its connectivity and IoT service capabilities and strengthen its footprint in the UK market. Comms365 will continue to operate as a standalone business with leadership changes including John Whitty becoming CEO and co-founder Mike van Bunnens stepping away after a handover.
InfraVia, Liberty Global and Telefónica, through their existing joint venture nexfibre, have agreed to acquire Substantial Group (Netomnia), the UK’s second-largest alternative fibre provider. The deal is expected to unlock £3.5 billion of investment in the UK and create a scaled wholesale fibre challenger to BT Openreach, with completion expected by Q3 2026 subject to regulatory approvals.
Liberty Global has entered into a definitive agreement with Vodafone Group to acquire Vodafone’s 50% shareholding in the Dutch telecommunications joint venture VodafoneZiggo for €1.0 billion in cash and a 10% equity interest in a new Benelux company called Ziggo Group. Ziggo Group is expected to hold Liberty Global’s interests in VodafoneZiggo and Belgium’s Telenet, with plans to list in Amsterdam in 2027 and spin off 90% of shares to Liberty Global shareholders.
Truespeed Communications and Freedom Fibre have merged to create the Freedom Truespeed Group, a scaled, capital-efficient full-fibre platform across the United Kingdom. The combined business will serve more than 412,000 premises ready for service and around 70,000 customers, pairing Freedom Fibre’s wholesale open-access network with Truespeed’s retail capability.
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Find buyers actively acquiring telecommunications companies.
Recent listings emphasize fiber broadband buildout, international enterprise connectivity partnerships, and consolidation in satellite/space communications and related network infrastructure.
Examples include Eaton Fiber’s agreement to acquire Ripple Fiber (North Carolina, U.S.) and Vero Fiber Networks finalizing its acquisition of Velocity Fiber (Colorado, U.S.).
Yes. BT Group and Verizon have agreed to form a new 50:50 joint venture for international enterprise connectivity (incorporated in Jersey, headquartered in the United Kingdom), with an expected close in 2027 subject to approvals.
Yes. The page includes Rocket Lab’s agreement to acquire Iridium Communications and Gilat Satellite Networks’ agreement to acquire most of Comtech’s Satellite & Space Communications segment.