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Fixed–mobile convergence is currently the main driver of M&A. Ovum believes that competition in Europe will further spur with operators offering bundled services using their own infrastructure, or by having a network sharing arrangement.


  • Consolidation is continuing across Europe, but convergence is at the core. The second edition of Ovum’s European M&A tracker highlights that out of 139 deals in the last three years, close to 40% were centered around FMC activity.
  • Operators are offloading their network assets and are entering adjacent markets.

Features and Benefits

  • Identifies the reasons behind M&As, based on the European M&A tracker.
  • Analyzes the completed and upcoming major M&As across Europe.

Key questions answered

  • What is driving operators to merge or acquire an operator?
  • Is FMC the key driver for European M&A?

Table of contents

Ovum view

  • Summary
  • Consolidation continues, with convergence at the core
  • Operators are offloading their network assets, and are entering adjacent markets


  • Further reading
  • Author