Four Steps Telcos Must Take to Transform into Techcos to Capture Untapped Enterprise 5G Returns and Combat Revenue Decline

poll December 14, 2023

ABI Research's latest whitepaper provides a four-step action plan to help Telcos transform into Techcos

NEW YORK, Dec. 13, 2023 /PRNewswire/ -- According to global technology intelligence firm ABI Research, diminishing revenues, a growing consumer demand for digital services, and a lucrative but underserved enterprise market mean that traditional telcos can no longer afford to be merely connectivity providers. They must transition to becoming technology companies (techcos) to survive.In its latest whitepaper, How Telcos Can Transform into Techcos, based on exclusive research and extensive interviews across the industry, ABI Research provides a four-step process for telcos to successfully make the techco transition.

"The traditional telco business model must be reinvented. ABI Research sees a clear signal for mobile operators to increasingly deploy automated solutions to streamline operations, optimize resource allocation, and drive cost efficiencies. At the same time, the big focus now for mobile operators is on added consumer services, as well as on enterprises in dire need of 5G connectivity for their digital transformation efforts," says Dimitris Mavrakis, Senior Director at ABI Research.

According to the whitepaper, the four steps telcos must take to transform into techcos are:

  1. Embrace 5G-as-a-Service
  2. Invest in Vertical Ecosystems
  3. Digitize Network Management
  4. Become Active Contributors to Cellular Innovation

"Transforming into a techco can be a huge change for many mobile operators, requiring a reevaluation regarding technological capabilities, corporate culture, and target audience. Therefore, it's vital to map out the strategies that will effectively support this transformation. The whitepaper details a four-step process that telcos can use to traverse the telco-to-techco journey. It also places emphasis on the importance of The 3rd Generation Partnership Project (3GPP) standardization and Standard Essential Patent (SEP) development, and how telcos need to be involved in both standards discussions and owning a significant patent holding."

Download the whitepaper, How Telcos Can Transform into Techcos; A 4-Step Action Plan, to learn more.

About ABI Research

ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today.

ABI Research?????????????????????????????????????????????????????????????????????????????????

For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visitwww.abiresearch.com.

Contact Info:

Global
Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com

Cision View original content:https://www.prnewswire.com/apac/news-releases/four-steps-telcos-must-take-to-transform-into-techcos-to-capture-untapped-enterprise-5g-returns-and-combat-revenue-decline-302013611.html

SOURCE ABI Research

AAPR aggregates press releases and media statements from around the world to assist our news partners with identifying and creating timely and relevant news. All of the press releases published on this website are third-party content and AAP was not involved in the creation of it. Read the full terms.