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4Q18 witnessed a rise in deal value to $49bn, driven by an increase in technology and media merger announcements. Europe and the US were the most active M&A markets in this quarter.


  • The number of M&A deals announced in 4Q18 was 54, below the 3Q18 deal volume of 59 and significantly below the 4Q17 deal volume of 71.
  • Aggregate M&A spending increased to $49bn in 4Q18. This was $20bn higher than 3Q18 aggregate spending, but below 4Q17 aggregate spending of $72bn.
  • In 4Q18, the deal volume was highest for wireline (21 deals), technology (11 deals), and fiber optic (7 deals).

Features and Benefits

  • Highlights the current trends in communications provider M&A.
  • Assesses the role of M&A in the evolution of the communications provider sector.
  • Reviews the key players in communications provider M&A.

Key questions answered

  • How much M&A (deal value and number of deals) was conducted in the communications provider sector in 4Q18?
  • What market trends are motivating recent mergers?
  • Which geographic regions and sectors are witnessing the most M&A activity?
  • Who are the biggest players in communications M&A?

Table of contents


  • Introduction
  • download 1: Communications Provider M&A: 4Q18 Review & Outlook