Starlink is the engine behind the SpaceX IPO story, but what do the numbers really say?

In this Analysys Mason podcast, our experts break down the IPO filing document, the S-1, to understand how Starlink is growing, how it is pricing its services and whether its margins can last. They also explore what the filing reveals about the future of satellite and telecoms competition.

To learn more about our work in this area, explore Analysys Mason’s expertise in fixed services, satellite broadband and satellite D2D.

Europe’s telecoms market is shifting again with the unwinding of the joint ventures owning VodafoneZiggo, VodafoneThree and MasOrange.

In this podcast, Charles Murray and Tom Rebbeck discuss what these moves tell us about the next phase of European mobile consolidation. They explore how JV unwinds sit alongside 4-to-3 mergers, what they mean for market structure, and whether they can support the EU’s ambition to build stronger European champions.

The discussion builds on the themes raised in this article.

To learn more about our work in this area, explore Analysys Mason’s expertise in mobile consolidation.

Space sovereignty is being reshaped by an urgent consideration: what must nations and operators own, and what can they reliably access through trusted partnerships?

This podcast explores the commercial and strategic forces driving decisions across multi-orbit systems and national space ambitions. With insights from our Space experts Dallas Kasaboski, Alex Clark and Christopher Baugh, it offers a timely look at the factors that matter most in sovereign access to space.

Learn more about our related programmes: Defence and Sovereign Space

Satellite Manufacturing and Launch

In this episode, Analysys Mason partners Alessandro Ravagnolo and Caroline Gabriel discuss impending 6G deployments and the implications for towercos in the early 2030s. Topics of debate include:

• What do we know about 6G so far, and when will it become a reality?
• How will 6G differ from 5G, and will it address some of the challenges of 5G for towercos?
• How soon do towercos need to start planning for 6G?
• Which spectrum and antenna technologies will be central to 6G?
• Will 6G drive a significant new wave of operator spending on cell sites?
• How will 6G affect master services agreement (MSA) renewal negotiations in the next few years?

Explore our related content: https://www.analysysmason.com/featured-topic/communications-infrastructure/ https://www.analysysmason.com/research/content/data-set/6g-rd-tracker-rma18/

In this episode, Analysys Mason experts Tom Rebbeck, Dion Teo and Ismael Moreno-Gomez explore the growing momentum behind mobile consolidation in Asia–Pacific (APAC).

They discuss:

- recent mobile mergers across APAC - why crowded markets are driving consolidation - where future activity could emerge - how regulators are weighing competition and investment - what operators should consider before pursuing a deal.

The discussion highlights that consolidation can unlock significant value for operators, investors and governments – but only if the deal thesis is carefully tested and the regulatory, commercial and technical realities are aligned from the start.

Learn more about how we support operators, investors and lenders with mobile consolidation. Get in touch to speak with one of our experts.

In this podcast Analysys Mason’s experts discuss why lower EBITDA margins for business divisions may not indicate poor performance, and they explore some of the alternative measures that telecoms operators should consider instead.

For more information, please see our related articles: Operators need new profitability metrics to measure the real value of diverse business groups and Comcast Business continues to excel, but may need to accept EBITDA dilution as the price of growth.

Amazon aims to leverage Globalstar's spectrum assets and device compatibility to capture the growing opportunity of satellite direct-to-device (D2D) services.

This Analysys Mason podcast examines the tech giant's acquisition of Globalstar from multiple strategic angles, with a focus on space spectrum, the potential for D2D services and the impact on mobile network operators (MNOs).

Explore our related space research programmes

In this episode, two of Analysys Mason's leading experts, Tom Rebbeck and Paul Jevons, explore mobile consolidation through the lens of transformation and value creation. They focus on what it takes to turn deals into real results.

They discuss:

• why value is often won or lost in the integration strategy long before the deal closes
• how weak assumptions on cost, timelines and resources undermine transformation outcomes
• why governance, leadership alignment and stakeholder management are critical to delivery
• how to balance quick wins with complex, long-term system and data integration
• what operators, competitors and suppliers should be doing at every stage of the deal lifecycle

If consolidation is on your horizon, listen to this episode and discover what it takes to deliver real transformation and value in practice – from day one through to full integration.

Learn more about how we support operators, investors and lenders with mobile consolidation.

Get in touch to speak with one of our experts.