The telecom sector has seen significant consolidation, from fiber acquisitions to spectrum transactions and tower portfolio sales. This session examines where and when the next phase of telco M&A will occur. Bankers, investors and industry executives will discuss the drivers of deal activity, including fiber convergence, balance-sheet pressure, AI-driven demand and the regulatory climate, and which segments are most likely to see transactions. The panel will explore valuation trends, buyer and seller motivations, and the growing role of private equity and infrastructure funds. Attendees will gain an informed view of the deal landscape and what it means for the industry.