--- title: "M&A Monthly: June/July 2026" description: A monthly update on international retail telecom mergers and acquisitions, fueled by TeleGeography's GlobalComms Database. image: https://resources.telegeography.com/hubfs/M%26A%20Monthly.png --- [![TG\_LOGO](https://resources.telegeography.com/hubfs/TeleGeography%20Hub%20Theme%20Nov%202025/images/TG_LOGO.svg)](https://www2.telegeography.com/) - [About](https://www2.telegeography.com/about-us) - [Research](https://www2.telegeography.com/our-research) - [Products](https://www2.telegeography.com/products) - [Solutions](https://www2.telegeography.com/solutions) - [Resources](https://resources.telegeography.com) [Log In](https://www.telegeography.com/login/login?service=https%3A%2F%2Fwww.telegeography.com%2Faccount%2Fhome%2Findex) [Contact](https://www2.telegeography.com/contact-us) [Back to Resources](https://resources.telegeography.com) # M&A Monthly: June/July 2026 ##### By [Tom Leins,](https://resources.telegeography.com/author/tom-leins) Jul 02, 2026 [Networks](https://resources.telegeography.com/tag/networks) [Retail](https://resources.telegeography.com/tag/retail) While football fans are glued to the World Cup, the industry’s telecoms titans have been tinkering with their own super-squads. But will the watchdogs give these M&A matches the regulatory red card? We cover the highlights below in this edition of the M&A Monthly, where TeleGeography's **[GlobalComms](https://www2.telegeography.com/globalcomms-database-service)** team tracks the deals that keep the world connected. [(Read last month's M&A Monthly here.)](https://resources.telegeography.com/mergers-acquisitions-may-june-2026) ## Europe At the beginning of June, **Orange Group** [completed the acquisition](https://www.orange.com/en/press-release/orange-devient-actionnaire-a-100-de-masorange-loperateur-leader-en-espagne-476438-476438) of the 50% stake in **MasOrange** held by **Lorca**, its joint venture partner in Spain. The group now owns 100% of the operator’s capital and will fully consolidate MasOrange’s results in its financial statements going forward. Elsewhere, **Telenor Group** announced that its proposed acquisition of **GlobalConnect’s** consumer fiber business in Norway [has been approved](https://www.telenor.com/media/newsroom/press-releases/telenor-receives-approval-to-acquire-globalconnects-consumer-business-in-norway/), subject to conditions, by the **National Communications Authority (Nasjonal kommunikasjonsmyndighet, Nkom)**. The NOK6.0 billion ($594 million) deal was originally inked back in July 2025. In more good news for **Telenor**, a matter of days later the Norwegian group [announced an agreement](https://www.telenor.com/media/newsroom/press-releases/telenor-acquires-enivest-in-western-norway/index.page) to acquire **Enivest**, one of the leading fiber operators in Western Norway. That transaction is valued at NOK2.5 billion. Down in France, **Bouygues Telecom**, **Orange** and **Iliad Group** have [signed a memorandum of understanding](https://www.orange.com/en/press-release/orange-signe-un-accord-pour-lacquisition-conjointe-de-sfr-une-etape-decisive-pour-renforcer-son-leadership-en-france-476238-476238) (MoU) with **Altice France** to acquire telecoms operator **SFR** for €20.35 billion ($23.4 billion), including debt. Under the terms, Bouygues would acquire the largest share of SFR’s assets, accounting for about 52% of the carved-out revenue, with Iliad taking 27% and Orange 21%. If approved by regulators, the acquisition would rank among the biggest European telecoms deals in recent years. **Vodafone Greece** is [considering a merger](https://www.vodafone.com/news/newsroom/corporate-and-financial/vodafone-greece-and-ppc-group-proposed-fibre-joint-venture) of its fiber network business with that of state-backed utility group **PPC**, which operates under the name **PPC FiberGrid**. The move would create one of the country’s largest fiber infrastructure providers, with the two networks currently passing more than 1.6 million homes between them. In the UK, **VodafoneThree**, the enlarged entity formed as a result of the merger of **Vodafone UK** and **Three** last year, is understood to have lodged a bid for the consumer operations of UK USP **TalkTalk**. The latter company has been engaged in talks with prospective bidders for its various units since January 2026. ## Americas In the US, meanwhile, private investment firm **Grain Management** has announced plans to [combine two of its portfolio companies](https://www.rittercommunications.com/newsroom/grain-management-announces-strategic-combination-of-ritter-communications-and-great-plains-communications-to-form-rightfiber) – Arkansas-based **Ritter Communications** and Nebraska-based **Great Plains Communications** – to create an enlarged ISP called **Rightfiber**. Together, Rightfiber will serve more than 400 communities with a network spanning 20 states and connect 300,000 homes and businesses across its 28,000-mile regional fiber network. Brazilian ISP **Alares Internet** has [agreed to acquire](https://www.alaresinternet.com.br/indoalem/alares-em-foco/alares-adquire-provedora-oquei-telecom-e-avanca-no-mercado-de-banda-larga/) smaller rival **Oquei Telecom** in a deal worth R$189 million ($36.7 million). A sum of R$75.6 million will be paid upon the closing of the transaction, while the balance will be paid in ten consecutive semi-annual instalments. Oquei is based in Jose Bonifacio, Sao Paulo, and provides fiber-to-the-home (FTTH) broadband access, offering speeds of up to 800Mbps. Also in Brazil, **Telefonica Brasil (Vivo)** has unveiled plans to merge with its wholly owned **FiBrasil** wholesale unit. The proposal will be discussed at the company’s Extraordinary Shareholders’ Meeting on 31 July 2026, with a view to the merger taking effect on 1 August. FiBrasil – which has a book value of R$812.6 million – will be dissolved post-merger. Elsewhere in Latin America, Argentina’s **National Competition Agency (Agencia Nacional de Competencia, ANG)** has [issued its ruling](https://www.argentina.gob.ar/noticias/la-anc-condiciona-la-compra-de-telefonica-por-telecom-para-proteger-la-competencia-en-las) on the controversial 2025 merger between **Telecom Argentina (Personal)** and **Telefonica Argentina (Movistar)**, recommending the divestment of six million mobile subscriptions, more than 200,000 fixed broadband customers, and a quantity of excess spectrum. The divestment of the aforementioned assets must be completed within 18 months, and an independent monitoring agent will oversee compliance with the various milestones. ## Rest of the world Over in Uzbekistan, the international privatization process for local mobile operator **Mobiuz** has been completed, with the State Assets Management Agency selecting an offer from a consortium of financial investors led by US-based **McKim & Company** in partnership with **JVR Enterprises (JVR Capital Group)**. The consortium bid $351 million for the 100% stake in Mobiuz currently held by the Uzbekistan government and pledged to invest ‘up to $500 million’ in the development of telecommunications infrastructure. Last but not least, as June drew to a close the UK’s **BT Group** and US-based **Verizon Communications** [announced the signing](https://newsroom.bt.com/bt-group-and-verizon-to-form-joint-venture-creating-a-scaled-international-connectivity-platform-for-multinational-customers/) of an agreement to combine their respective international enterprise operations into a 50:50 joint venture. The new JV will focus on serving multinational organizations and is expected to serve more than 3,000 customers across more than 180 countries, representing approximately $4 billion in combined annual revenue. Both BT and Verizon will hold equal voting rights and Verizon has agreed to pay BT an ‘equalization payment’ of $625 million. The new joint venture will be incorporated in the Bailiwick of Jersey and headquartered and tax resident in the UK. That concludes this month’s pulse-pounding M&A Monthly round-up. Tune in next month for another essential selection! ## Data on mobile markets, fixed broadband, fixed voice markets, and more At TeleGeography, we're the telecom data people—[![GlobalComms product 1.12 3](https://resources.telegeography.com/hs-fs/hubfs/Website/Product%20Screenshots/GlobalComms%20product%201.12%203.png?width=350&height=239&name=GlobalComms%20product%201.12%203.png)](https://www2.telegeography.com/globalcomms-database-service)the experts from whom industry leaders get their data. You can get more analysis like this (and the data behind it) with a subscription to TeleGeography's [GlobalComms Database](https://www2.telegeography.com/en/globalcomms-database-service). And with this subscription, you also get daily CommsUpdate emails: a curated telecom news service produced by our team.   [![See GlobalComms Database](https://no-cache.hubspot.com/cta/default/594292/interactive-208716878756.png)](https://resources.telegeography.com/hs/cta/wi/redirect?encryptedPayload=AVxigLLSvJ2niQor8Z26HTG4Vk2LOkgjGoC8baa1XVmYMcGnjc1ZzcYHmTQE%2B7jse5CijQbzF7102e8gDcQOrAKH1kqGdNBS1JPurpAfRZcm%2BEg6VuA0jE8iYJDm4j6TxiB4RiE7Lk2TcapIardOtS17EL5dig99c3g%2BYNAaAdR%2FbpOtba2d%2FtmLGo5CrAGuxt4H9M3Sow4hk3%2F06OW7rFX4&webInteractiveContentId=208716878756&portalId=594292)     ![Tom Leins](https://resources.telegeography.com/hubfs/tg-staff/tom-leins-telegeography-bw.png) #### Tom Leins Tom Leins is a Senior Research Analyst for TeleGeography’s GlobalComms Database. Based out of the company’s UK office, he also contributes to the company’s daily CommsUpdate newsletter, which includes his popular weekly MVNO Monday round-up. MVNO industry aside, Tom has developed a strong specialization in the U.S., Latin America, and the Caribbean, tracking mergers and acquisitions, spectrum auctions, regulatory developments, market opportunities, and growth trends. [View Tom Leins Work](https://resources.telegeography.com/author/tom-leins) ## Explore Related Content ![M&A Monthly: May/June 2026](https://resources.telegeography.com/hubfs/M%26A%20Monthly.png) ###### Blog Jun 4, 2026 #### [M&A Monthly: May/June 2026](https://resources.telegeography.com/mergers-acquisitions-may-june-2026) As we head into the remainder of Q2, M&A activity has certainly been on the rise across the global... 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