
Nick Fookes
CFA, MSc Managing Consultant , United KingdomNick is a telecoms, media and tech veteran with 30 years of experience in M&A, strategy, spectrum auctions, and public policy development and advocacy, across developed as well as emerging markets.
Nick provides strategic and tactical decision support to telecoms executives within a range of contexts, including single and multi-band spectrum awards:
- Leading mobile spectrum valuations (22 projects in 15 countries), using financial modelling (DCF) as well international spectrum price benchmarking ‒ he valued spectrum packages across multiple bands between 700MHz and 26GHz
- Developing spectrum auction bid strategies (14 spectrum awards in 9 countries), including the provision of live auction support and bid advice
- Advising regulators in two markets on policy, process and pricing in relation to spectrum licence renewals and the award of incremental usage rights
An M&A specialist, Nick advised one of the parties in a £30 billion merger between a mobile operator and a fixed broadband provider. He has also advised on multibillion-dollar asset-sharing JVs between mobile operators in Asian and Western European markets, developing common consolidated financial and operational models, valuing net synergies, and facilitating negotiations on a clean-team basis.
Nick helped operators define and deliver public policy advocacy (19 engagements in 14 markets), addressing questions relating to efficient market structure and competition, telecoms sector sustainability, as well as the impact of policy on investment incentives, on retail market outcomes, and on economic growth and welfare.
Education
CFA Institute
- Chartered Financial Analyst
Delft University of Technology, The Netherlands
- MSc Electrical and Electronics Engineering
Other team members

Sebastiaan van den Deijssel
Managing ConsultantSebastiaan has over 15 years of professional experience in marketing, product development, sales, customer care, BSS/OSS, and business modelling for Telecom. He is one of the foremost experts in the field of MVNEs and MVNOs. He gained his experience in key roles within MNOs, MVNOs as well as MVNEs in Europe, Middle East, Africa, Caribbean and the USA.

Domingo Villanueva
Managing ConsultantDomingo Villanueva is an expert in regulatory cost accounting and definition and valuation of remedies in the context of mergers and acquisitions in the Telecoms sector. He holds an MBA from IE Business School and a BA in Business Administration from ICADE Madrid.

Graham Friend
Managing DirectorGraham Friend is the co-founder and Managing Director of Coleago, where he focuses on strategic business planning, valuation, auction bidding strategy and regulatory issues.