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 inorganically. Last year Zayo topped the list, and indeed they did do one network deal albeit a small one for ENA. The other leaders (Crown Castle, LightPath, Everstream, Cox) took a more organic path in 2022, but so did most.
I’ll follow up next week with my own thoughts on both sides of the M&A coin.
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