A recent report from the Office of Communications or Ofcom makes interesting reading for investors in the telecom industry. The regulator said there are dramatic and accelerating changes across the communications industry that are estimated to be worth some £50b or 4% of the UK economy.
Perhaps the most startling revelation was evidence of consumers shunning television, radio and newspapers in favour of online services. It seems that television is now of declining interest to many 16 to 24 year olds, who watch the box for less than an hour a day. By comparison, the Internet plays a central role in their daily lives as broadband take-up grows in popularity….
Continue reading this article at the Motley Fool