--- title: "M&A Monthly: March/April 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: March/April 2026 ##### By [Pete Bell,](https://resources.telegeography.com/author/pete-bell) Apr 02, 2026 [Networks](https://resources.telegeography.com/tag/networks) [Retail](https://resources.telegeography.com/tag/retail) As we march into the spring, the global telecoms sector’s proving that there’s no rest for the wicked—or the well-funded. From multi-billion-euro power plays in Europe to the long-awaited unwinding of South American legacies, the deal-making machinery is humming at a high frequency. Whether it’s a ‘lowball’ offer causing a stir in Brazil or a historic merger facing regulatory hurdles in Singapore, this month’s activity confirms that the only constant in telecoms is change. Welcome to the M&A Monthly from TeleGeography's [GlobalComms](https://www2.telegeography.com/globalcomms-database-service) team, where we track the deals that keep the world connected.[(Read last month's M&A Monthly here.)](https://resources.telegeography.com/mergers-acquisitions-february-march-2026) ## Americas In **Brazil**, **BTG Pactual** submitted what was described as a lowball offer for Oi’s stake in fiber infrastructure vehicle **V.tal**. The sale process was briefly suspended until 30 March, but BTG returned with a revised bid intended to cover 90% of the debt owed to priority creditors. Elsewhere in Latin America, **Claro** has been on a shopping spree. In **Colombia**, it’s lining up a takeover deal for fiber networks owned by **Union Temporal Fibra Optica (UTFO)** and **Azteca Comunicaciones**, both of which are owned by Mexico’s Grupo Salinas. Meanwhile, back in **Brazil**, [Claro agreed](https://www.claropar.com.br/files/238969/x/4928b7ee2a/claro-par-fato-relevante-22-03-2026.pdf) to pay R$2.4 billion ($457.3 million) for a 73.01% stake in regional ISP **Desktop**, further cementing its dominant position in the country’s fixed broadband sector. **IFX Networks** has [expanded its Central American footprint](https://ifxnetworks.com/costa-rica-adisici%C3%B3n-reico) by acquiring **Redes Integradas Corporativas (REICO)** in **Costa Rica**. In the Great White North, **Bell Canada** has opted to [streamline its portfolio](https://www.motorolasolutions.com/newsroom/press-releases/acquiring-bell-canada-lmr-networks-services-business.html), selling its land mobile radio (LMR) business to **Motorola Solutions** for C$675 million ($485 million), subject to customary adjustments, plus a deferred net working capital settlement; the transaction is expected to close in the fourth quarter of 2026. South of the border, the fiber market continues to consolidate as **GFiber (formerly Google Fiber)** and **Astound Broadband** [announced merger plans](https://fiber.google.com/blog/2026/03/gfiber-and-stonepeaks-astound-to.html), promising to create a more formidable challenger to the traditional cable giants. This transaction’s expected to close in Q4 as well. ## Europe The European continent saw some of the month’s heaviest price tags. In **Italy**, the state-backed **Poste Italiane** is [aiming to take full control](https://www.reuters.com/business/italys-poste-moves-expand-activities-with-telecom-italia-bid-2026-03-23/) of **Telecom Italia (TIM)** via a massive €10.8 billion ($12.4 billion) share offer. Poste’s looking to buy itself a nationwide fixed and mobile network, secure a leading position in Italy’s cloud and data center infrastructure, and offer ‘secure and sovereign connectivity to businesses, public administrations, and critical infrastructure’ – three things it says, ‘cannot be built from scratch’. Over in **France**, the ‘For Sale’ sign on **Altice’s XPFibre** has attracted bids ranging between €6 billion and €8 billion as Altice owner Patrick Drahi looks to deleverage. Cross-border consolidation is also on the cards in **Spain**, where **Orange Group** is expected to complete its full takeover of the **MasOrange** joint venture this April. Meanwhile, the **UK** market [welcomed a new face](https://www.digi-communications.ro/en/see-file/DIGI_Press-release_Acquisition-shareholding-in-Whyfibre-UK.pdf) from the East; **Digi Communications** took its first steps with the acquisition of **WhyFibre**, signaling its intent to replicate its European disruptive success on British soil. ## Africa Moves aplenty are afoot in Africa too. On the eastern side of the continent, the **COMESA** Competition Commission has given the green light for **Vodacom Group** to increase its stake in **Safaricom** of **Kenya** to 55%, strengthening the South African giant’s hold on the region’s most profitable operator. In **Nigeria**, the consolidation of the ISP sector continues as **Spectranet** and **Legend Internet** seek regulatory approval to [merge their operations](https://legend.ng/blog/ushering-in-a-new-era-legend-internet-announces-proposed-merger-with-spectranet). Down in **Angola**, meanwhile, the government’s privatization drive is gathering pace. The long-anticipated **Unitel** IPO is now expected by mid-year, while **Angola Telecom** remains firmly on the privatization list for the 2026 financial year. ## Asia Our monthly round-up finishes in Asia. In **Singapore**, where there is a bit of a headache for regulators. The **IMDA** is mulling over the historic merger between **M1** and **SIMBA Telecom**, though the deal is currently bogged down by security concerns and spectrum squabbles. A [deadline extension](https://www.businesstimes.com.sg/companies-markets/keppel-simba-telecom-agree-extend-long-stop-date-proposed-m1-deal) was granted late in the month as the regulatory review continues. In **Pakistan**, the market’s one step closer to becoming a three-player game after the **PTA** greenlit the merger between **Ufone** and **Telenor Pakistan**. In **India**, the battle for a stake in the debt-laden **Vi (Vodafone Idea)** continues to draw big names, with **TS Telemedia** and **JSW Group** reportedly amongst those eyeing an investment. We finish back where we started. It was a busy month for Brazil’s **Oi**, which finally managed to untangle its interests in Southeast Asia. **Esperanca Timor-Oan (ETO)** has acquired a 57.06% stake in **Timor Telecom**, allowing Oi to finally exit the business after over a decade of trying, and focus on matters closer to home. In summary, March has shown us that whether it’s state-backed giants consolidating home markets or regional players seeking safety in numbers, the M&A appetite remains voracious. Will April bring the final signatures for MasOrange and the conclusion of the V.tal saga? We shall see. Catch more M&A developments from the [GlobalComms](https://www2.telegeography.com/globalcomms-database-service) team next month! ## 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=AVxigLIctq5F%2BfWlJFHwoeimJdy%2FbYwwFdkO7X3h4XBBEMvaJmNdnjLtBURu2GwFFHH6Btj607kfB6OkyEIPBNXAz5Mo4tJm5As4yXD7rD9%2B5h36DoiRq5SjbhGD3swj5VD07xuLzGg90mKlBXzo45w0euoeMJz1oRwSiCTK5EtVA3VvZIekGu96zjrvltqE8iaZOU5AKX%2BAqikWohYrAXm5&webInteractiveContentId=208716878756&portalId=594292)     ![Pete Bell](https://resources.telegeography.com/hubfs/tg-staff/pete-bell-telegeography.png) #### Pete Bell Pete Bell is a Senior Analyst for TeleGeography’s GlobalComms Database and also contributes to the daily CommsUpdate newsletter. He has a particular interest in wireless broadband and was responsible for TeleGeography’s 4G Research Service until it was integrated into GlobalComms. [View Pete Bell Work](https://resources.telegeography.com/author/pete-bell) ## Explore Related Content ![M&A Monthly: February/March 2026](https://resources.telegeography.com/hubfs/M%26A%20Monthly.png) ###### Blog Mar 5, 2026 #### [M&A Monthly: February/March 2026](https://resources.telegeography.com/mergers-acquisitions-february-march-2026) Fresh from TeleGeography's GlobalComms team is this month's edition of M&A Monthly—your intelligence... 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[View More by Tom Leins](https://resources.telegeography.com/author/tom-leins) [Read Full Article](https://resources.telegeography.com/mergers-acquisitions-june-july-2026) [![TG\_LOGO\_color\_horizontal\_SIMPLIFIED 1](https://resources.telegeography.com/hubfs/TeleGeography%20Hub%20Theme%20Nov%202025/images/TG_LOGO_color_horizontal_SIMPLIFIED%201.svg)](https://www2.telegeography.com/) [Login](https://www.telegeography.com/login/login?service=https%3A%2F%2Fwww.telegeography.com%2Faccount%2Fhome%2Findex) [Contact Us](https://www2.telegeography.com/contact-us) ###### [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) - [Demo](https://www2.telegeography.com/demo) ###### [Press](https://www2.telegeography.com/telegeography-press) - [Events](https://www2.telegeography.com/telecom-events) - [Careers](https://www2.telegeography.com/careers) ###### [Resources](https://resources.telegeography.com/) - [Podcast](https://www2.telegeography.com/telegeography-explains-the-internet-podcast) - [Newsletter](https://www2.telegeography.com/subscribe-to-telegeography-emails) - - All Rights Reserved 2026 - [Privacy Policy](https://www2.telegeography.com/privacy-policy) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Pete Bell", "url" : "https://resources.telegeography.com/author/pete-bell" }, "dateModified" : "2026-04-02T11:30:00.529Z", "datePublished" : "2026-04-02T11:30:00.000Z", "headline" : "M&A Monthly: March/April 2026", "image" : [ "https://resources.telegeography.com/hubfs/M&A%20Monthly.png" ], "mainEntityOfPage" : { "@id" : "https://resources.telegeography.com/mergers-acquisitions-march-april-2026", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://resources.telegeography.com/hubfs/assets/telegeography/telegeography-logo-blog.png" }, "name" : "TeleGeography" } } ``` ```json { "@context" : "https://schema.org/", "@type" : "WebSite", "image" : "https://www2.telegeography.com/hubfs/Website/assets/logo/telegeography-logo.svg", "name" : "M&A Monthly: March/April 2026", "potentialAction" : { "@type" : "SearchAction", "query-input" : "required name=search_term_string", "target" : "{search_term_string}" }, "url" : "https://resources.telegeography.com/mergers-acquisitions-march-april-2026" } ```