No business can run without telecommunication services. That’s why it’s important to pay close attention when key industry players make significant moves certain to affect your organization’s operational telecom spend.
A federal judge recently approved AT&T’s $85 billion acquisition of Time Warner, a decision that will bring a ripple effect of change impacting the future of telecommunications.
AT&T is already the global leader in telecom, the largest provider of fixed telephone services, and the second-largest provider of mobile phone services. The new deal now also gives AT&T ownership over a staggering number of major media properties.
Setting the Stage for More M&As
The AT&T-Time Warner merger is just one of many potential large-scale business transactions that will shake up the market. Other companies have kept a close eye on the lawsuit outcome in hopes of moving forward with their own mergers.
Comcast, for instance, was reportedly waiting on the ruling to announce their bid for a portion of Twenty-First Century Fox. T-Mobile is also looking to make big (albeit, horizontal) moves, hoping to merge with fellow wireless carrier Sprint.
While the AT&T-Time Warner deal is big news on its own, it’s already encouraging other giant mergers, setting the stage for greater market consolidation.
How You Can Protect Your Business
Though exact outcomes are hard to predict, one thing is for sure: as more major players merge in an already oligopolistic market, consumers are going to feel the impact on their wallets.
Less competition means fewer choices for consumers, and the potential for higher bills.
Though organizations can do little to combat such shifts in the market, there is plenty that can be done to offset the oncoming rise in costs.
There’s no better time than now for an in-depth review of your telecom expenses. While you may not have many choices on providers, there are more options available for reducing costs than most might think.
Our subject matter experts at Silverback previously worked in the telecom industry. Not only does this experience help them identify unique opportunities to save clients money, it also means they have insight on pricing plans not typically known to the public.
Check out how we saved one client 77% on their telecom expenses, without requiring a change in vendor.
Telecommunications is a critical service for any organization. As large-scale business transactions continue to change the infrastructure, content and technology of telecom, it helps to have experts on your side to keep operational costs as low as possible, no matter what happens to the market.