The U.S. fiber market has undergone a wave of consolidation, but is it nearing maturity or entering a new phase? This session examines the evolving investment outlook as scale, route diversity, and enterprise access grow increasingly vital in an AI-driven landscape. Panelists will discuss who is buying, who is building, and where the next M&A opportunities may emerge across long-haul, metro, and last-mile networks, as operators and investors position for the next cycle of growth.