Top Telecoms M&A Deals in North America 2024
Verizon-Frontier acquisition
$20 billion
Announced: September 2024
Status: Ongoing
Verizon acquiring Frontier Communications, adding 2.2 million fibre subscribers and expanding coverage to over 25 million fibre passings.
HPE acquisition of Juniper Networks
$14 billion
Announced: January 2024
Status: Subject to regulatory approval
HPE acquiring Juniper Networks to bolster its networking business and AI capabilities. Expected to close early 2025.
Uniti-Windstream merger
$13.4 billion
Announced: May 2024
Status: Awaiting regulatory clearance
Merger reunites the two companies after a previous separation, combining Uniti's wholesale fibre network with Windstream's FTTH operation.
Reported Zayo and TPG Crown Castle acquisition
Up to $10 billion
Reported: October 2024
Status: Reported, not confirmed
Potential joint acquisition of Crown Castle's fibre and small cell wireless assets by Zayo and TPG.
T-Mobile and KKR's acquisition of Metronet
$4.9 billion
Announced: July 2024
Status: Awaiting regulatory approval
50-50 joint venture to acquire 50% of Metronet's assets, aiming to expand fibre coverage.
T-Mobile's USCellular acquisition
$4.4 billion
Announced: May 2024
Status: In progress, facing antitrust objections
T-Mobile acquiring most assets of USCellular, expanding services to rural areas.
Verizon leases towers to Vertical Bridge
$3.3 billion
Announced: September 2024
Status: Ongoing, expected to close by the end of 2024
Verizon leasing 6,339 towers to Vertical Bridge for 10 years, with extension options.
Nokia's Infinera acquisition
$2.3 billion
Announced: June 2024
Status: Approved by Infinera shareholders, awaiting regulatory approval
Nokia acquiring optical networking provider Infinera to strengthen its networking infrastructure business.
T-Mobile and EQT acquire Lumos
$950 million
Announced: April 2024
Status: Completed
Joint venture to acquire Lumos, a full fibre internet provider, with plans to expand network coverage.
Zayo's European fibre business carveout
Undisclosed
Announced: May 2024
Status: Ongoing
Establishing Zayo Europe as a separate company operating across 8 countries.