skip to main content
Close Icon We use cookies to improve your website experience.  To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy.  By continuing to use the website, you consent to our use of cookies.
Global Search Configuration


Mergers involving communications providers tripled in value between 2012 and 2014, from $110bn to $336bn. Deals valued over $5bn numbered 12 in 2014, twice the 2013 total. However, this M&A activity may be peaking.


  • Total communications sector M&A deals numbered 85 in 2012, 109 in 2013, and 116 in 2014.
  • In total there were twelve mergers valued over $5bn announced in 2014. Many are still undergoing regulatory review. One (BT-EE) is yet to be formally announced, as the parties are still doing due diligence and finalizing terms.
  • Each merger has its own story; there is no single unifying driver. However, the largest two deals, both worth $67bn and US-centric, do have a common theme: video. One involves a large integrated telco (AT&T) buying a satellite-based video provider, thereby accelerating the telco’s push into video. The other big US deal involves consolidation of the US cable TV market, a combination of Comcast with Time Warner Cable.

Features and Benefits

  • Evaluates the market for telco M&A deals in light of recent results.
  • Analyzes the drivers behind different types of deals.
  • Assesses the outlook for future telco M&A.

Key questions answered

  • What is driving the current round of telco M&A?
  • What is the outlook for additional M&A?
  • What kind of deals are most likely in the future?
  • What role do Internet content providers play in telco M&A?

Table of contents

Ovum view

  • Summary
  • Pace of telco M&A deal-making accelerated in 2014
  • Twelve deals over $5bn were announced in 2014
  • Quick integration key to M&A success in a volatile market


  • Further reading
  • Author

Recommended Articles


Have any questions? Speak to a Specialist

Europe, Middle East & Africa team - +44 (0) 207 017 7700

Asia-Pacific team - +61 (0)3 960 16700

US team - +1 646 957 8878

Email us at

You can also contact your named/allocated Client Services Executive using their direct dial.
PR enquiries - Call us at +44 788 597 5160 or email us at

Contact marketing -

Already an Ovum client? Login to the Knowledge Center now