Telecommunication

Global M&A trends in technology, media and telecommunications: 2024 outlook


Global: A new record was set for M&A activity in TMT in the first half of 2023, with around 8,500 deals announced, 100 more than the previous record of 8,400 deals that was established in the first half of 2021. However, the second half of the year was a different story, with deal volumes declining by 31% from the first half of the year to less than 6,000 deals. For 2023 as a whole, deal volumes ended the year down 1% on the prior year. Deal values decreased by 44% in 2023 compared to the prior year, primarily because of a combination of smaller deals and lower valuations. Furthermore, the number of TMT megadeals dropped from 42 in 2021 to 24 in 2022 and just 11 in 2023.



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