Communications Sector Update — Q2 2025

There has never been more demand for data and computing, driven by 5G commercialisation, AI developments and explosion in digital content.

(Tele)communications sector is undergoing fundamental structural transformation as traditional telecom operators pivot from connectivity providers to digital infrastructure platforms. We're witnessing consolidation activity, with dealmakers targeting both revenue diversification and operational scale. Portfolio optimization remains a defining theme, as operators divest non-core assets while acquiring capabilities in AI, edge computing, and enterprise services to capture higher-margin opportunities.

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