RL Hulett：2026年第一季度全球电信行业并购市场研究报告（英文版）（22页）.pdf

1、Telecom Sector M&A UpdateQ1 2026For more information on R.L.Hulett or this report please visit our website at ,call us at(314)721-0607,or contact a professional listed on this page.Telecom SectorM&A UpdateQ1 2026REPORT HIGHLIGHTS In Q1,the State Street SPDR S&P Telecom ETF increased by 21.3%,outperf

2、orming a 3.4%decrease in the S&P 500 over the same period.The median EV/EBITDA multiple for reported strategic deals in the Telecom sector increased to 13.9x in Q1 from 6.7x in 2025.M&A deal volume in the sector decreased 20.0%in Q1 to 84 deals from 105 in Q4 2025,and increased 40.0%from 60 deals in

3、 Q1 of the prior year.Europe was the most active region in Q1 with 37 deals.Most notably in the quarter was Europe with Hansen Technologies$44.4 million acquisition of Digitalk,a UK-based developer of a cloud-based real-time communications platform.Total capital invested in M&A transactions increase

4、d substantially in Q1,up 287.0%to$29.8B from$7.7B in Q4 2025.This increase was primarily due to Verizon Communications$20.8B acquisition of Frontier Communications while the largest reported deal in Q4 was Bharti Spaces$1.6B investment into Eutelsat Communications.REPORT CONTRIBUTORSRyan HartmanACON

5、TENTS3 Global Deal Analytics7 Valuation Multiples10 Leading M&A Deals13 Industry Outlook14 About R.L.Hulett16 Selected Transactions18 Our M&A TeamDax KugelmanATrevor HulettManaging DJim GoebelDTelecommunications M&A Update|Q1 2026|Page 3Source:PitchBook DataGlobal Deal Analytics263711Of the 84 deals

6、 in the Telecom sector in Q1,Europe was the most active with 37.A notable European deal in the quarter(in addition to the Digitalk deal mentioned on the previous page)was Eurona Wireless Telecoms$15.4 million acquisition of Grupo MRF Cartuja,a Spanish provider of telecommunications services.North Am