DIGITALK GROUP acquired by HANSEN TECHNOLOGIES

Liberty Global is acquiring the remaining 50% stake in VodafoneZiggo from Vodafone Group Plc. This transaction was initiated to consolidate the target's ownership and facilitate its subsequent merger with a Belgian telecommunications subsidiary to form a unified Benelux entity. The process involves a cash payment combined with the issuance of a minority stake in the newly formed group to the seller. The strategy is centered on creating a scaled regional leader capable of generating significant financial and operational synergies. Following the consolidation, the new parent entity plans to spin-off shares to its existing shareholders and seek a public listing on the Amsterdam Stock Exchange in 2027. This move allows the seller to simplify its portfolio while retaining a participation in the future value creation of a larger entity. Additionally, a long-term service agreement was established to ensure operational continuity through brand licensing and support services for the next decade.

CVC DIF (formerly DIF Capital Partners) has entered into exclusive negotiations to acquire a majority stake in Celeste from InfraVia Capital Partners, a maneuver designed to fundamentally accelerate the group’s transformation into a leading European integrated digital infrastructure provider. The strategic rationale for this transaction centers on a "platform-densification" play, merging the target's industry-leading technical operational depth in fiber and cloud services with the acquirer's extensive expertise in infrastructure asset management. This structural alignment provides the organization with the institutional capital and strategic backing required to pursue a definitive expansion of its cloud and cybersecurity activities while continuing to densify its proprietary network.

Orange SA has entered into a definitive agreement to acquire the remaining equity stakes held by Cinven, KKR, and Providence Equity Partners in MasOrange. This transaction represents a milestone corporate buyout and ownership consolidation for the Spanish telecommunications operator, which has achieved rapid growth and market penetration under the joint sponsorship of the private equity consortium. The acquisition thesis centers on executing a strategic, full-scale platform integration to secure absolute market leadership within the Iberian telecommunications landscape. By taking full ownership of MasOrange, the French tier-one operator eliminates the multi-sponsor joint venture framework, streamlining corporate governance and accelerating long-term infrastructure investment. The strategic rationale is highly focused on capturing deep post-merger operational and financial synergies, fully blending MasOrange’s assets with Orange’s existing national fiber and mobile networks. Backed by dedicated financial and legal advisors who steered the complex regulatory clearance and valuation protocols, this operation optimizes Orange's capital allocation, eliminates minority friction, and builds a consolidated, highly competitive digital services champion capable of driving sustainable, cash-generative growth.

Telecom operator JT Group (Jersey Telecom), a strategic national asset wholly owned by the States of Jersey, has partnered with private markets investor CVC DIF (the dedicated infrastructure strategy of CVC) to complete the acquisition of Manx Telecom Group. The digital infrastructure platform was acquired from funds managed by Basalt Infrastructure Partners LLP. Originally agreed upon in October 2025, the transaction secured all customary regulatory clearances and successfully closed in May 2026. This landmark consolidation creates the largest full-service telecommunications provider operating across the UK Crown Dependencies of Jersey, Guernsey, and the Isle of Man. The strategic buyout brings together two highly trusted, locally rooted operators to establish a powerful joint platform for international growth and innovation. The partnership with CVC DIF injects institutional capital and deep sector expertise to support long-term infrastructure investment. The combined scale enables the group to accelerate next-generation network upgrades—specifically targeting the commercial expansion of 5G, fiber rollouts, IoT platforms, and sophisticated managed services.

Vodafone România has finalized a definitive agreement to acquire 100% of the capital of Telekom România Mobile Communications, executing a major market-consolidating corporate buyout within the regional telecommunications sector. The transaction is the result of a rigorous negotiation and regulatory approval process, under which the two companies will initially operate as separate legal entities within the same corporate group until the completion of the full legal merger. The transaction's structural execution relies on a phased integration roadmap specifically engineered to secure operational stability and preserve continuous service delivery for all corporate stakeholders.

Nexans, a global leader in cable systems and services, has finalized the divestiture of its industrial cables division, Lynxeo, to the French private equity firm Latour Capital. The transaction, completed on June 30, 2025, was valued at an enterprise value of �525 million. This divestment marks a decisive step in Nexans� strategic pivot to become a "pure player" in the electrification sector. By shedding its specialized industrial assets, Nexans aims to simplify its operational model and reallocate resources toward the global energy transition and high-voltage subsea markets.

InfraVia acquired a 50% stake in OpCore from the iliad Group to create a premier independent European data center platform. This strategic partnership combines iliad's technical operational excellence and historical asset base with InfraVia's financial firepower and infrastructure management expertise. The deal aims to capture the surging demand for AI deployments, with a focus on implementing innovative "Direct Liquid Cooling" solutions at scale.

The transaction combines MASMOVIL and Orange España into a 50/50 joint venture, creating a unified corporate entity trading as MASORANGE. The strategic rationale is heavily rooted in localized market consolidation within a highly mature European telecommunications landscape. By integrating their operations, the two businesses create a combined platform capable of capturing more than €500 million in annual cost and network optimization synergies. The newly formed entity plans to leverage this enhanced financial flexibility to deploy approximately €4 billion in capital expenditure over a three-year post-merger horizon. This investment program will directly fund the accelerated rollout of next-generation 5G mobile technology to cover over 90% of the population, drive the physical expansion of its ultra-broadband fiber-optic network infrastructure, and facilitate the commercial launch of innovative, high-margin ancillary digital services across its expanded nationwide subscriber base.

Orange Romania S.A. (ORO) has successfully completed its corporate merger with Orange Romania Communications S.A. (OROC), fully absorbing the integrated entity into its core operations. This strategic consolidation represents the final corporate milestone following the group's previous acquisition of a controlling stake in the target platform in 2020, effectively establishing a unified, fully convergent telecommunications operator within the region. The transaction’s structural execution focuses on complex operational integration, enabling the combined entity to unify its customer databases and merge legacy IT architectures into a single, cohesive infrastructure network. The investment thesis centers on achieving total asset synchronization and market supremacy within the regional digital services landscape. By legally combining both corporate structures, Orange fully implements its long-term strategy to deploy a seamless, end-to-end mobile and fiber-optic product pipeline. The post-merger strategic rationale targets the elimination of operational redundancies while maximizing cross-selling efficiencies across both the residential and commercial market segments. Backed by a unified technical infrastructure, the consolidated platform is engineered to drive superior customer experiences, scale its high-speed connectivity footprint, and solidify its positioning as the leading provider and preferred choice for fixed-mobile convergent (FMC) services across Romania.

Koesio has acquired 100% of Alcatraz IT, marking the full exit of Siparex Entrepreneurs (via its Capital Entrepreneurs 5 fund) and the founder, Xavier Lafaure. Siparex had been a minority shareholder since 2021, during which time it supported the company's expansion into the Lille market and the development of proprietary fiber infrastructure. The transaction allows Alcatraz IT to integrate into a larger industrial group to accelerate its next growth phase. For Koesio, this acquisition strengthens its telecommunications pillar by incorporating Alcatraz IT’s proprietary network assets and high-loyalty premium customer portfolio. The company was projected to reach a turnover of €6 million at the time of the sale.