Media and Telecommunications

Media and Telecommunications Industry

H2 2023: Mergers and Acquisitions Trend Report

Industry Overview

  • The overall outlook for the Media and Telecommunications Industry is positive.
  • The increase in demand for wireless data & voice services due to both 5G network expansion and growing smartphone sales is expected to boost net data traffic and overall industry revenues.
  • Key industry players are Verizon Wireless, Deutsche telecom Ag, Dish Network, and United States Cellular.

Key Industry Trends

  • Internet traffic volume reflects an increasing demand for internet access, resulting in higher rates of data usage and increased industry revenue.
  • Corporations are earning greater profits, which allows them to invest in new telecommunications infrastructure.
  • Higher disposable income encourages consumers to purchase devices such as tablet computers, potentially requiring additional dedicated cellular subscriptions.
  • Growing demand for mobile internet access directly influences demand levels for wireless telecommunications.
  • Broadband-enabled, internet-connected smartphones and tablets garner significantly more revenue from consumers than legacy voice and text messaging devices.

Recent M&A Transactions

Historical Performance

  • During 2017-2023, industry revenue saw slight fluctuations each year. Due to COVID-19. Demand for mobile internet grew significantly as travel restrictions arose. Developments in this period saw the beginning stages of the shift from 4G to 5G data services.
  • Businesses had to differentiate themselves on price and data quantity instead of actual product quality.

Future Industry Growth

  • Industry growth has been strong due to a continuous investment trend in new technologies coupled with surging consumer demand.
  • In the future, the percentage of US households with only wireless service will continue to grow. With increasing smartphone penetration into the space, revenue from data traffic will jump as a percentage of total revenue.
  • As the wireless company becomes increasingly saturated, major companies that can no longer rely on new subscribers to stimulate revenue growth will compete for existing subscribers. Carriers will succeed if they can encourage the consumption of high-data services and support the infrastructure to maintain those services.

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