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Q1-25 Report-1
Explore Q1’s Biggest Digital Infra Deals and What’s Driving 2025’s US$118.9bn M&A Boom
Explore select regional highlights from Q1’s global M&A landscape—including the Americas, Europe, Asia and MEA

The digital infrastructure M&A landscape is shifting—fewer deals, higher value, and strong momentum heading into 2025. In Q1 2025, global deal value soared to US$118.9bn despite a drop in transaction volume, signaling a market focused on scale, strategy, and selectivity.

Regional dynamics are diverging sharply, with the Americas surging, Europe contracting, and MEA emerging as a new hotspot. Our latest Q1 Digital Infrastructure Investment Review offers a curated snapshot of these trends, including highlights from top global deals, sector shifts, and insights into the 921 transactions in the current pipeline.

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Regional Highlights (Q1 2025)

  • Americas: Deal value up 72%, driven by 16 mega deals—including Zayo’s US$4.2bn acquisition of Crown Castle’s fiber business.

  • Europe: Deal value down 65%; volume dropped 45%, though the Satellite sector grew 38% with three new deals.

  • MEA: Value soared 359%, led by major transactions like Khazna Data Centers’ US$2.2bn acquisition.

  • Asia: Value climbed 70% to US$10.5bn, despite a 34% decline in deal volume, with datacentres driving growth.

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About TMT Finance

Accelerating smart investment decisions since 2009
Rapid growth of digital infrastructure - the backbone of global connectivity - is driving 
positive social and economic development and improving our ability to communicate, 
collaborate and thrive.


TMT Finance launched in 2009 with an ambitious mission - to support the growth in 
digital infrastructure that powers our connected world - by bringing together the right 
intelligence, data and people to help executives make smarter decisions, faster. 
Since then, we’ve created the leading global business intelligence service in our sector -
connecting dealmakers with the best investment and advisory opportunities in digital 
infrastructure worldwide.


Trusted Expertise
We're a team of experienced journalists, market analysts, and sector specialists with 
deep relationships in the sector, all focused on delivering timely, proprietary and 
actionable insights for digital infrastructure executives around the world.


Sector Focused
Our sole focus is on five core subsectors of digital infrastructure: fibre, datacentres, 
telecoms, towers, and cloud services. This unique position enables us to build trusted 
relationships with the most influential players to get to the heart of the market. Helping 
us to cut through the noise and deliver the essential intelligence, data and connections 
that our customers need to stay ahead of the competition. 


For us, it’s personal
People and relationships are at the heart of our success. We’re a dedicated and 
dynamic team that focuses on building long-term partnerships with our clients and 
community. Getting to know their goals and delivering outstanding results.