Metro Connect Fall Stage

2026 has already seen several significant fiber transactions from Frontier and Verizon to Bluebird Fiber and Everstream, this wave can be expected to continue. Driven by lower cost of capacity, a more permission M&A environment and lower multiples for fiber assets. This wave of transactions is creating winners and losers.

• How are investors defining success and failure within each fiber asset class? And what lessons can we learn?
• What is driving the valuations and multiples of fiber assets?
• Can a wave of consolidation be expected or will macro economic headwinds put the breaks on M&A?