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Arthur D. Little Report Outlines €200 Billion Digital Transformation Opportunity for Telecoms Sector

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Arthur D. Little (ADL) today published a new research report highlighting the need for greater digitalization in the global telecoms industry. The TIME 2018 Flagship Report outlines the scale of the digital opportunity, with analysis estimating that a ‘digital dividend’ of over €200 billion free cash flow awaits telcos that can successfully transform.

Industry executives surveyed for the report confirm the findings. 73% say that digital will add value to their businesses, with key benefits including greater agility, increased subscriber growth and cost savings. CAPEX spending on areas such as 5G infrastructure and the Internet of Things is expected to require a 7% CAGR increase from 2017-2022, outpacing forecast revenue growth. Consequently, failing to digitally transform risks commoditization and disintermediation, leaving telcos unable to invest sufficiently. As one senior executive put it bluntly, “Digitalization – there is no other choice if we want to survive.”

The report highlights that acting now is vital if telcos want to guarantee future success. However, becoming digital will require a substantial shift, focusing on two key areas:

  • Enabling digital – investing appropriately to become more digitally mature
  • Embracing digital – making significant structural changes to organizational design and corporate culture as well as how they do business, attract talent and develop the right skills

Currently the majority of telcos are still at an early stage of digital maturity – 33% see themselves at the “digital basic” stage, with just 3% at the most advanced “digital expansion” level.

Jonathan Rowan, Partner at Arthur D. Little and lead author of the report explains: “Telcos are self-acknowledged digital laggards, despite our survey highlighting an overwhelming awareness of the benefits of digital transformation. Until now there was little quantitative evidence of these benefits, but our extensive financial analysis highlights that it can deliver a ‘digital dividend’ of more than €200 billion in operating free cash flow benefit, or put another way, up to an additional 10 percentage points of EBIT. To enjoy this dividend, telcos must balance technology and organizational/cultural change, as well as adopting an agile and holistic approach.”

The ADL TIME 2018 Flagship Report is based upon interviews with more than 100 senior executives, as well as deep analysis of the financial performance of 190 of the world’s largest telcos. It is available from www.adl.com/DigitalDividend

Contact information

Cate Bonthuys
Tel: +44 7746546773
cate@catalystcomms.co.uk

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