Communications deals in 2026 included cloud communications software, internet service providers, fiber networks, VoIP platforms and wireless hardware. Buyers range from strategic acquirers to infrastructure and credit investors.
This guide ranks advisors by documented deals in that pool. Read each entry to see the target and buyer, since software and network assets are valued on very different terms.
How We Ranked These Advisors
Ranking Method
Deals on record. The count of communications and telecom transactions in the ProCloser Deal Index where a public source names the firm as an advisor.
Side coverage. Whether the firm is named on the sell side, the buy side or both. It is shown for each firm and does not change the order.
Recency. How recently the firm's latest named communications and telecom deal was announced. It breaks ties between firms with the same deal count.
The pool is 10 communications and telecom deals announced in 2026, each tied to a press release, SEC filing or news report. A firm that advised on more deals in the pool ranks higher. Ties break on the most recent announcement. The Deal Index records only advisors a public source names, so a firm can have closed work that does not appear here. This is a ranking of public deal evidence, not a quality score.
Communications and Telecom Advisors at a Glance
| Advisor | Deals on Record | Role | Latest Deal Announced | Latest Target |
|---|---|---|---|---|
| 1. Bank Street Group | 2 | buy-side and sell-side | October 15, 2026 | EarthLink |
| 2. Kroll | 1 | sell-side | October 28, 2026 | Cloopen Group Holding Limited |
| 3. Eight Advisory | 1 | buy-side | October 2, 2026 | Wesbell Communications |
| 4. ATB Cormark Capital Markets | 1 | sell-side | September 29, 2026 | Sangoma Technologies Corporation |
| 5. IA Global Capital | 1 | sell-side | September 25, 2026 | Connected Intelligence |
| 6. DNB Carnegie Investment Bank | 1 | buy-side | July 17, 2026 | TextPlus |
| 7. KPMG | 1 | buy-side | July 17, 2026 | TextPlus |
| 8. Raine Group | 1 | sell-side | July 17, 2026 | TextPlus |
The 8 Best M&A Advisors for Communications and Telecom
1 Bank Street Group
Bank Street Group has 2 named communications and telecom transactions in the ProCloser Deal Index, covering the buy-side and sell-side role, most recently EarthLink in October 15, 2026. The firm's full record across every sector is on its advisor page.
- EarthLink, acquired by WaveDivision Capital (October 15, 2026). Bank Street Group advised on the buy-side. Nationwide internet service provider. Source: WaveDivision Capital, Stephens Capital Partners, and The Pritzker Organization Partner wit
- Dark Fiber and Infrastructure, LLC, acquired by SummitIG (June 30, 2026). Bank Street Group advised on the sell-side. Dark fiber conduit network infrastructure. Source: SummitIG Strengthens Market Footprint with Acquisition of Dark Fiber & Infrastructure
Best for: Sellers who want an advisor with a record on the same side of the table as them.
2 Kroll
Kroll appears in the ProCloser Deal Index on one communications and telecom transaction: the sell-side role on Cloopen Group Holding Limited's sale to SpringX Holdings Limited, announced October 28, 2026.
- Cloopen Group Holding Limited, acquired by SpringX Holdings Limited (October 28, 2026). Kroll advised on the sell-side. Cloud-based communications solutions. Source: Cloopen Group Holding Limited Announces Completion of Going Private Transaction
Best for: Owners who want a bank that has already worked on a close comparable.
3 Eight Advisory
Eight Advisory appears in the ProCloser Deal Index on one communications and telecom transaction: the buy-side role on Wesbell Communications's sale to TXO, announced October 2, 2026.
- Wesbell Communications, acquired by TXO (October 2, 2026). Eight Advisory advised on the buy-side. Telecom network and managed services provider. Source: TXO accelerates growth strategy with acquisition of Wesbell Communications
Best for: Founders weighing a strategic buyer against a financial sponsor.
4 ATB Cormark Capital Markets
ATB Cormark Capital Markets appears in the ProCloser Deal Index on one communications and telecom transaction: the sell-side role on Sangoma Technologies Corporation's sale to BRC Group Holdings, Inc., announced September 29, 2026.
- Sangoma Technologies Corporation, acquired by BRC Group Holdings, Inc. (September 29, 2026). ATB Cormark Capital Markets advised on the sell-side. Unified business communications and contact-center platform. Source: BRC Group to Acquire Sangoma for $204M - SaasRise
Best for: Companies whose likely buyers are listed or large-cap acquirers.
5 IA Global Capital
IA Global Capital appears in the ProCloser Deal Index on one communications and telecom transaction: the sell-side role on Connected Intelligence's sale to HUBER+SUHNER AG, announced September 25, 2026. The firm's full record across every sector is on its advisor page.
- Connected Intelligence, acquired by HUBER+SUHNER AG (September 25, 2026). IA Global Capital advised on the sell-side. Rail connectivity software platform. Source: HUBER+SUHNER AG (HGUA) To Acquire Connected Intelligence Unit - TradingView
Best for: Owners who want to see a recent, dated deal before a first call.
6 DNB Carnegie Investment Bank
DNB Carnegie Investment Bank appears in the ProCloser Deal Index on one communications and telecom transaction: the buy-side role on TextPlus's sale to Truecaller, announced July 17, 2026.
- TextPlus, acquired by Truecaller (July 17, 2026). DNB Carnegie Investment Bank advised on the buy-side. Cloud-based VoIP and messaging platform. Source: Truecaller enters into an agreement to acquire US-based TextPlus Inc.
Best for: Sellers comparing a specialist boutique with a bulge-bracket name.
7 KPMG
KPMG appears in the ProCloser Deal Index on one communications and telecom transaction: the buy-side role on TextPlus's sale to Truecaller, announced July 17, 2026. The firm's full record across every sector is on its advisor page.
- TextPlus, acquired by Truecaller (July 17, 2026). KPMG advised on the buy-side. Cloud-based VoIP and messaging platform. Source: Truecaller enters into an agreement to acquire US-based TextPlus Inc.
Best for: Buyers who want a named adviser on the acquiring side.
8 Raine Group
Raine Group appears in the ProCloser Deal Index on one communications and telecom transaction: the sell-side role on TextPlus's sale to Truecaller, announced July 17, 2026.
- TextPlus, acquired by Truecaller (July 17, 2026). Raine Group advised on the sell-side. Cloud-based VoIP and messaging platform. Source: Truecaller enters into an agreement to acquire US-based TextPlus Inc.
Best for: Companies that want an advisor with a current-year track record.
How to Choose a Communications and Telecom M&A Advisor
- Separate software, services and network assets, since they sell to different buyers.
- Check the side of the deal each firm advised.
- Ask for a comparable in your sub-sector.
- Confirm roles from the linked announcements.
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Get Matched With an Advisor →For the full record of advisors and deals across every sector, see the ProCloser Deal Index and the advisor rankings. Related guides are listed on the blog.