We started the week with the question of consolidation targets in the US, and now it's time for the other side of the coin. What network operators are most likely to be consolidators in 2022? We'll take it as a given that 'infrastructure funds' would top the more general list of likely buyers, of course, but let's focus on the existing network operators looking to expand inorgancially. Last year's top picks were Zayo, Everstream, FirstLight, Crown Castle, and Uniti, none of which made any big infrastructure deals -- Everstream's purchase of Uniti's Pennsylvania fiber was announced in 2020 so it doesn't count. Who is likely to step up to the plate in 2022?
I'll follow up next week with my own thoughts on both sides of the M&A coin.
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