The future of telcos
Mazars publishes global study ‘The Future of Telcos: winning the client experience, the case of mobile financial services’
Rapidly evolving technology, changes in customer behaviour, strong competition and regulatory oversight are major factors affecting telecommunications companies. To stand out from the crowd, companies need to be agile and resilient, as well as innovative. Our audit, advisory and tax experts can help you respond to this rapidly changing market.
In the telecoms industry, companies face a combination of regulatory, economic, competitive and political pressures as they strive to meet customer demands. As the need for capacity and connectivity grows exponentially, they must innovate at the use level, terminal level, network level and market level. The deployment of 5G, data security, competition from non-telecoms providers, reduced network investments and sustainability imperatives are just a few examples of the biggest challenges that the sector faces today.
Our dedicated telecommunications specialists can help you face these challenges head-on with a multi-disciplinary approach covering audit, advisory and tax solutions. Each of our specialists combines a deep knowledge of your heavily regulated industry with innovative approaches to help you define your strategy and respond to a transforming market, with the required specific skills and credibility in all the markets we serve.
We can help you in several ways, such as:
Adapting your business model
Sustained success in the telecoms industry means adapting business models in response to competitive and economic pressures, as well as evolving technology. We can support your transformation and help you advance your business strategy and governance of your information systems and processes.
Tailor your investment strategy
With demand for innovative technologies on the rise, operators must invest in their networks. Customers are increasingly demanding faster networks, and continuous innovation in technology and capacity, such as high speed and low latency (5G), which requires significant investments that can impact profitability. Our experts can assist you in these efforts, such as the valuation of your capital expenditure or the development of strategic partnerships, while helping you navigate the constant changing competitive environment and growing regulatory requirements.
Limit and control your risks - Ensuring data security
As the volume of data generated by users rises, operators need to focus on the protection and confidentiality of the information collected. Our cybersecurity team can help you strengthen the governance and security policies that apply to your information system. When it comes to improve risk management, our global and multidisciplinary teams in internal controls can help mitigate your risks and design an internal control program tailored to fast evolving risks.
Business models are more global in outlook, as companies are becoming digitised and the world more connected. We have a multidisciplinary team of sector specialists who can help you define an internationalisation strategy, set up a currency hedging strategy, manage taxes, support in the transitions of accounting principles, implement anti-corruption measures and put in place measures to manage cash flows as effectively as possible.
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