In a strategic move to bolster its network reach, alternative fibre builder CityFibre has successfully acquired Lit Fibre, marking the first step in its plan to consolidate within the UK’s burgeoning altnet sector. Lit Fibre, known for its vertically integrated model encompassing both network construction and ISP services, currently serves over 220,000 premises across more than 20 towns in several regions.
T-Mobile US and Verizon are reportedly in talks to acquire UScellular, with negotiations underway to divide the telco’s assets between them. According to sources cited by the Wall Street Journal, both major mobile network operators (MNOs) are strategizing separate deals to secure portions of UScellular’s operations.
The UK Deputy Prime Minister has given the green light to the proposed merger between telecommunications giants Vodafone and Three, citing national security considerations. The decision, made under the National Security and Investment Act 2021, imposes certain conditions on the merger.
In a strategic move bolstering its presence in broadband access, DZS, a US-based company, has finalized the acquisition of NetComm from Casa Systems for up to $10 million. This acquisition comes on the heels of Casa’s recent divestment of its 5G and cable businesses, marking the conclusion of its restructuring efforts.
Matthew Riley, the CEO of Daisy Group, a leading UK IT services company, is reportedly on the brink of finalizing a merger deal with Wavenet, a communication and technology solutions provider based in the UK. According to sources disclosed to Sky News, the merger is in its final stages.
A monumental step for Saudi Arabia’s Vision 2030 appears on the horizon as the Public Investment Fund and stc group plan to merge TAWAL and Golden Lattice Investment Company (GLIC). This partnership, expected to have a value of $5.85 billion and annual revenues near $1.3 billion, could be a game-changer in the telecommunications infrastructure domain.
Bharti Airtel and Dialog Axiata have unveiled a fusion plan for their operations in Sri Lanka. The anticipated benefits of this combination include tapping into economies of scale, reducing infrastructure redundancy, drawing from technology and capital synergies, and fostering broadband connectivity advancements.
In an evocative change for the telecom industry, French magnate Xavier Niel is looking to buy Datagroup-Volia, Ukraine’s top fixed telecom and pay TV provider. This big move, in the works through Niel’s NJJ company, comes complete with regulatory approval. The Ukrainian firm is a significant player, controlled primarily by a fund run by Horizon Capital.
In an unexpected evolution, Spirent Communications, a UK-based telecom testing group, put the brakes on their £1 billion merger agreement with Viavi Solutions, after a victorious proposition swooped in from Keysight. Celebrating the unexpected alliance, Spirent cited the extensive resources and product range Keysight offers, promising to bring considerable advancements to the tech industry.
Orange and MásMóvil have officially sealed their merger deal, marking a significant development in Spain’s telecom sector. The joint venture, which holds equal shares from both companies, is poised to become a dominant force in the market. Despite the completion of the merger, the new entity is still without a definitive name, leaving industry observers speculating on its future identity.
