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Media, Telecom M&A Topped $4.66B in August, 2022

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NEW YORK—New data from S&P Global Market Intelligence showed that the total merger and acquisition (M&A) activity in August of 2022 for the media and telecom sectors topped $4.66 billion, with T-Mobile’s acquisition of spectrum dominating the total. 

In terms of the number of transactions, media and telecom deal activity slightly improved in August after two successive months of decline, although the total number of transactions remained low compared with the same month in 2021, S&P Global Market Intelligence reported. 

Deal volume among U.S. and Canadian media and telecom companies declined 33.2% year over year to 137 transactions in August, 2022 against 205 deals struck in August, 2021. But the total M&A number of deals increased by about 3.8% from 132 transactions in July of 2022.

The sector also recorded its first deal valued at over $1 billion since June with T-Mobile US Inc.'s agreements to acquire 600 MHz spectrum licenses from Channel 51 LLC for $1.90 billion and LB Spectrum Holdings LLC for $1.60 billion.

The full analysis is available here (opens in new tab)

(Image credit: S&P Global Market Intelligence)
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George Winslow is the senior content producer for TV Tech. He has written about the television, media and technology industries for nearly 30 years for such publications as Broadcasting & Cable, Multichannel News and TV Tech. Over the years, he has edited a number of magazines, including Multichannel News International and World Screen, and moderated panels at such major industry events as NAB and MIP TV. He has published two books and dozens of encyclopedia articles on such subjects as the media, New York City history and economics.