M&A telecom: the latest trends in the global agreement

Faced with an unprecedented transformation of industry and emerging competitive threats, many telecommunications companies are turning to mergers and acquisitions to add new capacities and evolve their activities for the next era. At the same time, in the greatest reset of the industry since deregulation, the integrated Telco gives way to more disaggregated and closely targeted commercial models. We follow the activity of mergers and telecommunications acquisitions worldwide and we will publish each quarter the latest developments of this dashboard.

Here are some of the main points to remember during the third quarter of 2024.

• Offer the value up: Global Telecom M&A continued this year’s solid race. The value of the agreement increased from around $ 24 billion in the first three quarters of last year to $ 90 billion in the same period this year. The Americas represented 63% of the world total.
• Trends to look: Mobile and fixed network companies continue to continue transactions on a scale to extend their networks (see two American fiber transactions: Verizon-Frontrier and T-Mobile-Metronet). Meanwhile, financial investors acquire a tower and fixed assets, which suggests confidence in the commercial principles of digital infrastructure despite recent opposite winds.
• Biggest case: The acquisition of Frontier de Verizon of $ 20.3 billion is the largest announced transaction of the year to date.
• Envis scale of the agreement: The scale agreements have represented almost half of the world value of the value of the agreement to date, a notable change compared to the last two years. Infrastructure divests represented 22% of the value of the agreement during the first three quarters of 2024, while mobile and fixed diversions represented approximately 20% during this period. Infrastructure divests have represented a large part of the activity of mergers and telecommunications acquisitions from 2019 to 2022, but high interest rates and other macroeconomic challenges have reversed this trend.
• Long -term view: Infrastructure divests represent approximately 36% of any agreement in the past five years, the largest share between the types of transactions. Scale transactions have the second share larger at 33% during this period.