OPCORE acquired by INFRAVIA CAPITAL

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

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

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

Zegona Communications, an investment platform founded by former Virgin Media executives specializing in European telecommunications, has finalized a definitive agreement to acquire 100% of Vodafone Spain from the British Vodafone Group. The divestment thesis marks Vodafone Group’s complete strategic exit from the Iberian market, following a string of asset rationalizations including its recent corporate consolidation with Three UK and the €1.8 billion sale of its Hungarian business. Driven by structural underperformance and an intense domestic price war, Vodafone Group prioritized capital reallocation away from low-yield regions

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

4iG and the Hungarian State have finalized a definitive agreement to acquire 100% of Vodafone Hungary, executing a major, market-consolidating corporate buyout within the Central and Eastern European telecommunications sector. The transaction was structured via a joint acquisition vehicle, under which the Hungarian State acquired a 49% equity stake in the operator, alongside 4iG. Backed by experienced financial and legal advisors who provided strategic transaction services, the corporate combination successfully received full clearance from the relevant regulatory authorities before closing

Ardian agreed to acquire a majority stake in Aire Networks from Magnum Industrial Partners. As part of the transaction, the core management team re-invested significantly alongside Ardian to maintain a meaningful equity stake. The strategic objective of the partnership is to support Aire Networks in its next phase of growth, focusing on the expansion of its national fiber footprint and the enhancement of its specialized cloud and data center service offerings. This deal allows Ardian to consolidate its position in the Iberian telecommunications sector, leveraging synergies in expertise within the digital infrastructure landscape

Capza acquired a majority stake in Wifirst following a competitive process led by Hottinguer CF. The historical investors from the 2019 spin-off (Amundi PEF, Bpifrance, Socadif) sold part of their shares but reinvested to keep a minority stake alongside the CEO. The transaction is supported by a unitranche financing facility provided by Ares Management. The deal aims to fuel external growth in Europe.

A tier-one private equity consortium composed of Apax Partners LLP and Warburg Pincus LLC has entered into a definitive agreement to acquire 100% of T-Mobile Netherlands Holding B.V. from Deutsche Telekom AG and Tele2 AB. The transaction perimeter encompasses T-Mobile's highly successful multi-brand portfolio, which includes the T-Mobile, Tele2, Ben, and Simpel commercial brands. Facilitated by elite financial advice from Credit Suisse and Liontree, alongside premium legal counsel from Freshfields Bruckhaus Deringer and Simpson Thacher & Bartlett, the transaction remains subject to customary closing conditions, regulatory approvals, and mandatory employee representative consultations