APAX PARTNERS & WARBURG PINCUS take majority stake in INMARSAT

Sogetrel's management regained majority control of the group by buying out Latour Capital and its partners. The transaction was structured as a sponsorless MBO, backed by mezzanine financing from ActoMezz. The valuation increase since since its last valuation from 2018 reflects the group's explosive growth in the fiber optic market. This structure allows management to execute a long-term diversification strategy into Smart Cities and 5G infrastructure without the constraints of a traditional majority private equity fund

Groupe Bollore sold its 100% stake in Wifirst to a consortium of investors (Amundi, Bpifrance, Socadif) and the management team. The deal is heavily leveraged, financed by a EUR100 million unitranche debt facility provided by Pemberton.

The acquisition of Iliad 7 by Cellnex forms part of a wider 2-billion-euro international divestment including 2,200 Italian telecom installations and Swiss infrastructure assets. This transaction represents a strategic balance sheet rebalancing for Iliad, currently facing retail market compression caused by pricing pressure from domestic rivals SFR and Bouygues Telecom. The immediate monetary intake allows the seller to accelerate corporate deleveraging while securing investment capital for upcoming nationwide fiber rollouts and next-generation 5G spectrum allocations

Celeste, a French telecom operator specializing in ultra-high-speed internet services for businesses, is opening up the majority of its capital to InfraVia. The company announced revenues of EUR20 million in 2018 and an EBITDA margin of close to 60%.

Infrastructure fund manager Basalt Infrastructure Partners, acting through its newly incorporated acquisition vehicle Kelion Bidco Limited, has reached a definitive agreement to acquire the entire issued and to be issued share capital of Manx Telecom plc. Implemented by means of a Court-sanctioned Scheme of Arrangement under section 157 of the Isle of Man Companies Act 2006, the recommended cash acquisition has secured the unanimous backing of the target's board of directors. Instructed by independent financial advice from Oakley Advisory, the Manx Directors intend to unanimously recommend that shareholders vote in favor of the scheme resolutions, having already provided irrevocable undertakings to vote their own beneficial holdings—representing approximately 0

Latour Capital led the acquisition of Sogetrel from Quilvest Private Equity for an estimated valuation. This follows a period of hyper-growth where the group exceeded its 5-year business plan in just 24 months. The transaction included a significant reinvestment from the management team, led by Xavier Vignon, who retained 30% of the equity. The strategy for this new cycle focuses on continued organic growth and strategic acquisitions to diversify service offerings.

The acquisition of SMS.it represents a pivotal strategic move for LINK Mobility, aimed at securing a dominant market position within the Italian mobile messaging sector. By integrating SMS.it, which operates an independent mobile network and maintains key interworking agreements with Italian operators, LINK Mobility gains immediate access to significant messaging volume and an established customer base. This acquisition is part of the Group’s broader strategy to expand its European footprint through the consolidation of leading regional players, thereby enhancing its ability to provide scalable, cross-border mobile communication services

T-Mobile NL has announced a definitive agreement to acquire Tele2 NL, orchestrating a major, market-consolidating corporate buyout within the Dutch telecommunications sector. The transaction was structured with the financial advisory backing of Credit Suisse and J.P. Morgan, alongside premium legal counsel provided by De Brauw, with completion scheduled for the second half of 2018 subject to customary regulatory approvals. Under the terms of the corporate combination, the two organizations have established a comprehensive joint integration roadmap designed to ensure a seamless alignment of their respective asset portfolios and operations

Euskaltel has entered into a definitive agreement to acquire 100% of Telecable from Zegona Communications plc. The transaction's capital structure incorporates the assumption of €245 million in net debt alongside a structured earn-out framework providing an additional contingent payment of up to €15 million tied to the crystallization of specific tax assets. The consideration mix is engineered via a combination of cash and equity, under which Zegona will roll over its proceeds to secure a 15% strategic minority equity stake in Euskaltel's expanded capital

Telia Company announced the acquisition of Phonero AS, a Norwegian enterprise‑focused cloud communications provider. Phonero, founded in the early 2010s, had built a SaaS platform enabling businesses to embed voice, SMS and OTT messaging capabilities within their own applications. Prior to the transaction, Phonero operated primarily in the Scandinavian B2B market and maintained a client base comprising financial institutions, logistics firms, and digital service providers. The acquisition represented Telia’s first major foray into a pure‑play cloud communications vendor, extending its portfolio beyond traditional fixed‑line and mobile services