Janvier 2026 - Internship - Telecom, Media & Entertainment team - Paris Location Paris Business Unit Financial Advisory Program Type Off-cycle Internship Description Background :LAZARD, independent world leader in Mergers & Acquisitions Advisory (M&A), works on every kind of transactions for prestigious clients in France and all over the world.The Financial Advisory group offers a complete range of services including among others:Mergers and Acquisitions;Asset disposals;Restructuring;Strategic partnerships;General financial advisory.Job description :We are looking for an intern with a previous experience in Mergers and Acquisitions (M&A), for our EMEA team specialized in Telecom, Media & Entertainment.The Telecom, Media & Entertainment team benefits from an unparalleled track-record in its industry and works on M&A deals across the whole EMEA region and beyond, based in Paris.You will join a team of c.10 bankers having worked together on more than 60 transactions over the last 3 years including landmark deals such as:The sale of Iliad’s tower assets in France and Italy to Cellnex (€2.6bn EV)The spin-off of Altice USA ($40bn EV)The acquisition of Irish incumbent Eir by Xavier Niel’s holding ($4.1bn EV)The sale of a minority stake in Altice Europe’s Portuguese unit MEO to Morgan Stanley Infrastructure Partners (€4.6bn EV)Advised TIM in the creation of FiberCop, the leading passive fiber wholesaler in Italy (€7.7bn EV)Advised Altice Europe on its take-private by Next Alt, a holding company controlled by Mr. Patrick Drahi (€38.2bn EV)Advised Iliad on the acquisition of Play in Poland and the concomitant sale of Play tower assets to CellnexAdvised Vodafone on its Joint Venture agreement with Altice to create OXG, an urban-focused cable to fiber wholesale operator in Germany (€9.4bn Project Financing)The sale of Altice’s French Towers (Hivory) to Cellnex ($5.2bn EV)The acquisition of Sykes, a US customer experience management services company, by Sitel ($2.2bn)Advised Atlas Investissement (Iliad) on its acquisition of stake in Millicom in Central and South AmericaThe sale of Altice Media (inc. BFMTV and RMC notably) (€1.6bn)Advised Orange on its merger with Masmovil in Spain (€18.6bn combined EV)Advised Freya Investissement (Iliad / NJJ Holding) on its acquisition of a 19.8% stake in Tele2 in Sweden (€1.2bn transaction)The team ranks first in terms of volume of transactions in its industry and is led by telecom rain-maker Vincent Le Stradic. It serves clients globally and benefits from a strong exposure in the most important transactions in the sector – it is widely recognized for its expertise in Telecom Media & Entertainment and the quality of its M&A advisory.Responsibilities will include:Perform detailed sector and company researchPrepare presentation and business cases on specific situationConduct strategic and financial analysisAssist the team in company valuations and financial modeling Profile:Strong academic background from a top class degree(s) in finance from a leading university/school;Required experience in investment banking;Hard skills: Strong analytical and modelling skills, strong investment banking skills (process management notably);Soft skills: Excellent communication and teamwork skills, autonomy, customer-focused;Fluent in English. This position is available for Janvier 2026, for a period of 6 months and is based in Paris. Inclusion at Lazard:Lazard is an intellectual capital business focused on delivering the best advice and solutions to clients. Achieving these objectives requires us to identify, develop and retain the best talent. A workforce comprised of people with varied backgrounds and experiences creates a rich diversity of thought that empowers us to challenge conventional wisdom, as diverse perspectives lead to better decisions.Our appreciation of diversity’s strength is ingrained in our multi-cultural heritage. As a global firm that has grown organically from local roots in different countries, we have a deep tradition of respect for individual differences, which has been core to our success for several decades.##LI-SA1LI-SA1