Fixed–mobile mergers and acquisitions: case studies and analysis

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Date: 11-Jan-2021
No. of pages: 18
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"Most operators profiled have realised annualised cost-related synergies of 10–15% of the combined pre-M&A EBITDA."

Operators offering both fixed and mobile services have started to bundle and cross-sell parallel services through fixed–mobile convergence (FMC) offers, thereby putting pressure on standalone operators. This has led to a wave of consolidation across Europe in order to preserve revenue and realise cost-related synergies.

Key questions answered in this report


  • What is the rationale behind M&A between predominantly fixed and predominantly mobile operators?

  • What are the main cost and revenue synergy expectations that operators have after fixed–mobile M&A?

  • How have operators marketed their consumer propositions after M&A?

  • How has performance been affected by M&A?


Companies profiled


  • BT/EE (UK)

  • VodafoneZiggo (Netherlands)

  • Deutsche Telekom/Liberty Global (Austria)

  • Tele2/Com Hem (Sweden)

  • Vodafone/Liberty Global (Czech Republic, Germany, Hungary and Romania)

Fixed–mobile mergers and acquisitions: case studies and analysis

Table of Contents

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