The FCC has removed the prohibition of cable companies buying CLEC's. Comcast bought CIMCO in 2009. It is the only deal like this thus far. Bankers are now in a frenzy.
Right now there are just two CLEC's in BK - Broadview Networks and TNCI, but there are a lot of CLEC's who are for sale.
With ATT reversing their decision to divest their copper plant, there is still money left for M&A.
Some deals we may see:
Sprint + MetroPCS
Cbeyond + Comcast
8x8 + TWC
Broadview, Integra, Sidera, Birch and some others are still waiting to be courted.