14 completed deals since 2021
ISP M&A Deal Tracker: Broadband Transactions
Consolidation in broadband is accelerating, and every transaction sets a reference point that affects what your business is worth. We have advised on fourteen of them since 2021.
We track who bought whom, on what terms where terms are public, and what each deal signals for independent operators. Backed by $10B+ in collective deal experience.
The tracker
Transactions we have advised
Reverse-chronological, and every row is a closed deal — not a listing.
| Date | Target | Acquirer | Our role | Value |
|---|---|---|---|---|
| Jun 2025 | Phoenix Internet | Wi-Fiber | Exclusive sell-side | Undisclosed |
| Apr 2025 | Rango | Wi-Fiber | Exclusive sell-side | Undisclosed |
| Aug 2024 | Speed of Light Broadband | ElektraFi | Exclusive sell-side | Undisclosed |
| May 2024 | West Coast ISP (confidential) | Fiber & fixed wireless provider | Sell-side | Undisclosed |
| Feb 2024 | Kentec Communications | Midwest Broadband Opportunities | Exclusive sell-side | Undisclosed |
| Jul 2023 | FireServe Broadband | Stimulus Technologies | Exclusive sell-side | Undisclosed |
| Feb 2023 | Telegia Communications | One Ring Networks | Exclusive sell-side | Undisclosed |
| Jan 2023 | Tahoe Network Infrastructure | Senior credit facilities | Placement agent | $6,525,000 |
| Apr 2022 | Ukiah Wireless | Wi-Fiber | Sell-side | Undisclosed |
| Nov 2021 | Freedom Broadband | Towerstream | Sell-side | Undisclosed |
| Aug 2021 | FastForward Broadband | LTD Broadband | Sell-side | Undisclosed |
| Jul 2021 | Clear Canopy (dba VanAn) | Towerstream | Sell-side | Undisclosed |
| Jul 2021 | Lone Pine Communications | Stimulus Technologies | Sell-side | Undisclosed |
| Jun 2021 | Advantenon | LTD Broadband | Sell-side | Undisclosed |
Fourteen completed internet service provider transactions since 2021. Full tombstones are on our transactions page. Deal values are undisclosed except where a party has made them public.
Selling into this market? Start with ISP brokerage and sell-side M&A, or find out what your ISP is worth. Building a platform instead of exiting one? We also represent acquirers — see looking to buy.
What we watch
Three signals in every deal cycle
Private equity entering fiber
Infrastructure funds are treating broadband as a utility asset class, which supports multiples across the sector — including at your scale.
Strategic roll-ups
Regional operators acquiring adjacent footprints. Frequently the most realistic buyer for an independent ISP.
Distressed & grant-driven sales
Operators who took buildout obligations they could not fund.
Every transaction sets a reference point for what your business is worth
Under NDA · No cost
Wondering what these multiples mean for your business?
Request a confidential valuation from our sell-side brokerage team. We build a defensible range from comparable broadband transactions — including the ones on this page.