Our Digital Infra Investment Review H1 2025 EMEA is now available. 

As the world continues to grapple with economic uncertainty, geopolitical shifts, rapid technological change, and valuation gaps, TMT Finance’s H1 2025 EMEA Digital Infrastructure Report paints a picture of a dynamic—though uneven—landscape across five core sectors in digital infrastructure.

Key Highlights

1. Europe Digital Infra decline: M&A dropped 22% in volume (147 deals) and 54% in value (US$16bn) in H1 2025.

2. Datacentres steady: M&A held steady with 27 deals, though value fell 16% to US$3.1bn.

3. Telecom sector slumps: 33% fall in M&A volume (30 deals) and 55% in value (US$8.8bn), with MNOs and Fixed Line seeing the steepest drops.

4. Satellite & Spectrum resilient: growth in H1, with deal value reaching US$752m and US$471m respectively.

5. Fibre declines: M&A dropped 43% in volume (17 deals), with value dropping from US$3.7bn to US$979m.

Download the sample report