M&A in North America
United States
T-Mobile and Sprint: T-Mobile's merger with Sprint was finalized in 2020, creating a significant player in the 5G market. The integration is ongoing, with efforts to enhance network coverage and services.
Verizon and TracFone: Verizon acquired TracFone in 2020 to expand its prepaid wireless offerings. This deal aimed to broaden Verizon’s customer base and enhance its competitive edge.
Dish Network and Boost Mobile: Following the T-Mobile-Sprint merger, Dish Network acquired Boost Mobile. This move positioned Dish as a new entrant into the wireless market with plans for its 5G network.
AT&T and Discovery: Although not a traditional telecom merger, AT&T's spin-off of its WarnerMedia assets to form a new entity with Discovery, Inc. in 2022 shifted AT&T's focus back to its core telecommunications business.
Canada
Rogers and Shaw: Rogers Communications announced plans to acquire Shaw Communications in a deal valued at approximately CAD 26 billion, aimed at expanding its footprint in Western Canada. The acquisition faced regulatory scrutiny but was ultimately approved in 2023.
Telus and Shaw: Telus attempted to acquire Shaw but was unsuccessful due to Rogers' competing bid. This highlights the ongoing consolidation pressure in the Canadian telecom market.
Quebecor and Freedom Mobile: Quebecor announced its intention to acquire Freedom Mobile from Shaw as part of the Rogers-Shaw merger deal, which would strengthen its position in the wireless market.
Mexico
AT&T and Grupo Iusacell: AT&T’s acquisition of Iusacell in 2015 and Nextel Mexico helped establish its presence in the Mexican market, enhancing competition against América Móvil.
Televisa and Univision Merger: In 2021, Televisa and Univision merged to form TelevisaUnivision, impacting content distribution and streaming services in the region, indirectly affecting telecom partnerships.
América Móvil: América Móvil, owned by Carlos Slim, continues to expand its holdings in various countries, solidifying its position as a dominant player in the Mexican telecom market.
Trends
Regulatory Scrutiny: Mergers and acquisitions in all three countries are facing increased regulatory scrutiny, particularly concerning market competition and consumer impacts.
Focus on 5G and Infrastructure: Many of these deals aim to bolster 5G capabilities and enhance network infrastructure, reflecting the growing demand for faster and more reliable connectivity.
These developments illustrate the evolving landscape of the telecom industry in North America, driven by competition, technology advancements, and regulatory dynamics.