State of the MVNO Market
As of November 2026, Atomic Mobile's telecom trackers cover 220 verified industry events: 91 acquisitions, 71 funding rounds, and 58 MVNO launches. In 2026 so far, we have recorded 50 acquisitions ($51.2B in disclosed deal value), 37 funding rounds ($7.6B disclosed), and 33 new MVNO launches.
Data last updated October 30, 2026. Every record is verified against a primary source before publication — see our methodology.
Industry activity by year
Verified acquisitions, funding rounds, and MVNO launches recorded per calendar year.
Disclosed deal & funding value by year
Totals include only transactions with publicly disclosed USD values; undisclosed deals are counted in activity but excluded here.
| Year | Disclosed M&A value | Disclosed deals | Disclosed funding raised | Disclosed rounds |
|---|---|---|---|---|
| 2026 | $51.2B | 21 | $7.6B | 33 |
| 2025 | $68.2B | 5 | $1.5B | 10 |
| 2024 | $87.8B | 13 | $225M | 10 |
| 2023 | $27.6B | 8 | $218M | 7 |
| 2022 | $22B | 4 | $217M | 7 |
Funding rounds by stage
MVNO launches by market
Journalists, analysts, and researchers are welcome to cite these figures with attribution to Atomic Mobile (atomicmobile.com). Each underlying record links to its primary source in the acquisitions, funding, and launches trackers. For questions or the full dataset, contact us.