E-PLUS GROUP acquired by TELEFÓNICA DEUTSCHLAND

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

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

Quilvest Private Equity took a majority stake in Sogetrel, facilitating the exit of a large pool of historical financial investors (Equistone, Capzanine, ICG, Ardian, and Idinvest). Bpifrance joined as a minority partner. This new capital structure was designed to support the group's transition into the "Very High Speed" (THD) era and accelerate international growth, following initial forays into Switzerland and Belgium.

BT Group has completed the 100% equity acquisition of EE from its joint venture parents Deutsche Telekom and Orange. The combination unites the country's largest fixed-line network with the leading mobile operator to assemble a single integrated telecommunications provider. This consolidation is driven by rapid market transition toward single-invoice quad-play service bundles that combine broadband, TV, fixed telephony, and mobile data. Capturing EE allows the acquirer to safeguard its premium customer base against alternative cable and media challengers offering aggregated connectivity services

Zegona Communications plc has successfully completed the 100% acquisition of Telecable de Asturias S.A., executing a targeted platform investment within the Iberian TMT sector. The transaction corporate buyouts' advisory perimeter included Travers Smith LLP and Cuatrecasas, Gonçalves Pereira, who served as legal and strategic counsel to facilitate the successful closing of the share transfer. The investment thesis centers on acquiring a high-performing regional champion to capture localized market consolidation and build a formidable telecommunications footprint in Europe

The transaction is structured as a voluntary all-cash public tender offer targeting 100% of the outstanding share capital of Jazztel. Execution remains contingent upon a mandatory minimum acceptance threshold representing half of the total voting rights plus one share. The founding chairman and lead shareholder committed via an irrevocable undertaking to tender his entire 14.5 percent equity stake into the offer. Dual regulatory jurisdiction applies with both the Spanish CNMV and the UK Takeover Panel supervising the cross-border corporate procedure due to the target’s corporate domicile

The transaction involves the 100% equity carve-out of Grupo Corporativo Ono, S.A. by Vodafone on a debt-free and cash-free basis. Ownership changes as a planned initial public offering is preempted by the buyer's corporate cash proposal, allowing institutional private equity shareholders to secure an immediate liquidity exit. The structural combination accelerates Vodafone's unified communications timeline in Europe by replacing a slow urban fiber roll-out scheme with an established nationwide high-speed footprint

Private equity firm HgCapital, in close coordination with joint venture partner CPS Partners, has successfully executed the full exit of its investment in Manx Telecom through an initial public offering (IPO). Fully underwritten, the public listing transaction will result in the official admission and trading of the company's shares on London’s Alternative Investment Market (AIM). This public market realization concludes a successful three-and-a-half-year holding period for HgCapital's clients (including the listed HgCapital Trust plc) and represents the fifth exit from the 2009-vintage HgCapital 6 Fund

European sector-focused private equity firm HgCapital has successfully agreed to acquire a majority equity stake in Manx Telecom, previously a wholly owned subsidiary of Telefónica. The buyout was executed alongside CPS Partners, a specialist international telecommunications management company. Subject to customary local regulatory clearances, the transaction includes a capital commitment of approximately £11 million from the listed vehicle HgCapital Trust plc, representing 15% of the sponsor's total equity ticket