Over the recent years, the world has seen several important developments in the TMT business, 5G being one of the most important one. The deployment of 5G networks has been a major development in the telecom industry over the last 5 years. 5G networks offer faster speeds, lower latency, and more capacity than 4G networks, enabling new use cases such as connected cars, industrial automation, and the internet of things. Connected to that are fiber-optic and fixed wireless technologies, which are critical to the TMT performance, as companies look to provide faster and more reliable internet access to customers. Another grand disruption is cloud services, which has pushed more and more companies to move their applications and data to the cloud to take advantage of its scalability, flexibility, and cost-effectiveness. Let us not forget the Internet of Things (IoT), which has been a major development in the TMT industry over the recent years. IoT devices, such as smart home devices, wearables, and industrial sensors, are generating huge amounts of data that need to be transmitted and analyzed. TMT is completely dominated by AI and Machine Learning, which have become increasingly important in the telecom industry, as companies look to extract insights from large amounts of data and improve the customer experience. Companies are also looking to enhance their customer experience and create new revenue streams through Virtual Reality (VR) and Augmented Reality (AR) technologies. Day to day consumption is being swarmed by the use of mobile payments, which have become increasingly popular. Accordingly, telcos and financial institutions have developed mobile payment platforms and services to tap this market. This, however, gives rise to threats of information security, which has become increasingly important in the telecom industry as the number of cyber-attacks continues to grow and the amount of data being transmitted increases.
Telecom industry is one of the most dominant economy movers and hence subject to acute regulatory, fiscal, technological, political and consumer protection pressures. With ever diluting ARPU margins due to competition the need for value added services, cross border connectivity rebates, collaboration with tech manufacturers and financial services providers has grown exponentially. Consequently, the cut-throat competition is giving rise to M&As and collaborations. Our expert industry practitioners can support in coping with all these challenges that the sector faces today. You can expect reliable advice in M&A, regulatory compliance, penalties handling, competition, consumer protection, risk and internal controls, revenue audit, statutory reporting and secondments.
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