As the tech and telecom industries become more consolidated than ever before, it can be a real challenge to keep up with the all the happenings on the business and finance side of the industry.
We're here to help make sense of the mergers and acquisitions that are reshaping the industry's business landscape.
Do you think we missed something? Send us an email at fiercenetwork@questex.com. We will continue to update this story throughout the year.
Feb. 10
Submer acquires Radian Arc
AI infrastructure provider Submer announced it will acquire Radian Arc, an infrastructure-as-a-service platform that runs telco-focused GPU cloud services.
Financial terms were not disclosed, but Submer said it aims to provide full-stack AI infrastructure across data centers and edge compute.
“Bringing Radian Arc together with InferX, our AI operations and delivery platform, forms a dual-plane, sovereign, telco-focused cloud offering that is highly competitive in today’s AI datacenter market," stated Submer CEO Patrick Smets.
Trane Technologies buys LiquidStack
HVAC giant Trane has acquired liquid cooling specialist LiquidStack, signaling a strategic shift beyond air cooling as demand for AI-driven, high-density data center cooling accelerates. Trane’s interest in LiquidStack dates back to 2023, when it made a minority investment in the up-and-coming liquid cooling player. The purchase price was not disclosed, but the deal includes LiquidStack’s employees as well as its manufacturing, engineering and R&D operations in Texas and Hong Kong. LiquidStack CEO Joe Capes will move over to Trane and continue to lead the business.
Read our full article here: HVAC giant Trane buys LiquidStack to bolster AI data center cooling portfolio
Feb. 5 - Pilot Fiber acquires Extenet's fiber business
Pilot Fiber, a New York-based enterprise connectivity provider, announced it acquired the enterprise fiber business of Extenet Systems. Financial terms of the deal were not disclosed.
Extenet's assets give Pilot "high-capacity fiber infrastructure" connecting Manhattan to New Jersey data center corridors, said the press release.
Feb. 2 - AT&T closes Lumen fiber-to-the-home acquisition
AT&T closed its deal to acquire Lumen's Mass Markets fiber-to-the-home business for $5.75 billion. The transaction will see AT&T expand its fiber footprint to 32 states including more than 4 million passings in major cities such as Denver, Seattle and Salt Lake City.
Check out our coverage of the deal to learn more.
Jan. 26 - IonQ acquires SkyWater Technology for $1.8B
Quantum computing firm IonQ announced it would buy chipmaker SkyWater Technology for $1.8 billion. IonQ will use SkyWater's facilities to begin testing its planned 200,000-qubit chips in 2028, according to a press release.
"With SkyWater, IonQ strengthens its position as the only vertically integrated full-stack quantum platform company, with embedded access to a Trusted U.S. foundry," the company stated.
Jan. 20 - Verizon closes $20B Frontier acquisition
Shortly after receiving California regulatory approval, Verizon closed its $20 billion acquisition of Frontier Communications on January 20. The combined companies will have a reach of nearly 30 million fiber passings across 31 states and Washington D.C.
Verizon in a press release stated the transaction "is expected to unlock significant cross-sell opportunities with access to a high-quality customer base in markets that are complementary to Verizon’s existing fiber markets."
Jan. 5 - Point Broadband merges with Clearwave Fiber
Fiber ISP Point Broadband entered an agreement to combine with Clearwave Fiber, a joint venture owned by Cable One and some private equity firms. The deal is expected to create "one of the largest independent fiber operators in the United States" across 12 states and reach more than 500,000 homes and businesses, said the press release.
Jan. 1 — Private equity firms acquire WOW! for $1.5B
DigitalBridge Group and Crestview Partners announced they have completed their previously announced acquisition of fiber ISP WideOpenWest (WOW!). The company's new owners paid $5.20 per share — about $1.5 billion in total — and took the company private at the deal's close.
"As a private company, WOW! will have strategic flexibility and resources to compete more effectively in its markets and pursue long-term growth," said Crestview's Brian Cassidy, president and head of media, said in a press release.
DigitalBridge's Senior Managing Director and Head of Fiber, Jonathan Friesel, affirmed the new owners' intention to invest in "network and customer experience enhancements."
This is a running story and will be updated periodically. Click here to explore last year's M&A tracker.