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UK The Place To Be For Telecoms Firms

10/02/2015 by Jay Siddiki


The UK has been dubbed a "real launch pad" for innovative telecoms firms, after a growth report showed that British telcos will grow by 11% in 2015, four times the expected 2.6% rate for the region's GDP.

As points out, the report by Barclays' Technology, Media and Telecoms unit also claims that the outlook is even brighter for 2016, with respondents expecting annual growth to reach 13%.

Some 65% of participants in the survey are expecting to grow by 10% over the course of the next 12 months, whilst 17% anticipate growth of between 10-20% and a further 10% see a substantial progression of over 20%.

Sean Duffy, managing director and head of the Technology, Media and Telecoms team, says that the findings prove the UK is a hotbed for telecoms talent, which could lead to healthy sums of money be ploughed into the sector over the next few years.

"Investors are seeing the UK as an international talent magnet and a platform to grow or launch their business for a number of compelling reasons, including the culture, light-touch regulation, supportive government policies and access to finance," he explained.

However, this very competitiveness within the industry could prove a problem itself, with the ability to attract and retain talent identified in the report as the biggest challenges for 2015.

Many believe that strong leadership is the key to overcoming these potential hurdles, with 83% of respondents citing it as the most important characteristic in terms of achieving growth in 2014.

Duffy says this particularly imperative for fast-growth businesses, who often need leaders to be robust in their decision making in order to keep pace.

"It takes an extremely strong and dynamic individual to have a clear vision and the energy to lead their workforce to success in this type of supercharged environment," he added.​


UK, Telecoms & Internet, Technology

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