US Telco Limited

BACKGROUND STUDY
US Telco Limited is a holding company that operates as a real estate
investment trust (REIT) which owns, operates, and develops multitenant
communications real estate.
US Telcos major presence is in the United States with some presence in
Canada and EU through its fully owned subsidiaries.
Its primary business is property operations, which includes the leasing of
space on communications sites to wireless service providers, radio and
television broadcast companies, wireless data providers, government
agencies and municipalities, and tenants in various other industries.

Its US property segment includes operations in the United States, and its
services segment offers tower related services in the United States.

TELECOMMUNICATIONS INDUSTRY
OUTLOOK
Continued momentum around core telecommunications businesses
as well as innovation around non-traditional business models such as :

Internet of Things applications

mPayments

evolving communications technologies

GROWTH OPUURTUNITIES
The telecom sector continues to be at the epicenter for growth, innovation,
and disruption for virtually any industry.
The consumer oriented things that comprise IoT will in large part consist of
wearables, smartphones, connected cars and smart homes.

Telecommunications companies will also find new opportunities for growth in

the public sector, as smart cities gains more traction.

applications such as connected city lighting, asset monitoring and tracking,

and video security.
core businesses such as network connectivity, sale of network equipment and
devices, all of which this emerging ecosystem will require

MOST ATTRACTIVE TARGETS

ASA Towers, Inc. Geography: Argentina, SA Geography: Argentina, South
America
As latest Global Mobile Consumer Survey (GMCS), US consumers look at their
devices over 8 billion times a day in the aggregate. This is a big deal for all sectors
within the telecom industry including wireless and wireline/broadband carriers,
network equipment/infrastructure companies, and device manufacturers who are all
critical components of this key ecosystem.
TeleMo Networks Limited Geography: Czech Republic Geography: Czech
Republic
Carriers need to continue to focus on providing data and voice services that
are
high quality, reliable, and affordable.

CONSIDERATIONS
Massive data consumption will continue to grow with the expansion of IoT and
more streaming of content.
Wearables and smartphones are two related areas to continue to watch.
Location-based services, such as mobile advertising, also represent
significant potential for growth.
A big upcoming wave of change for the telecommunications sector will be the
emergence of fifth generation mobile networks (5G).
The smartphone market will continue to be robust with continued flexibility
for regular device upgrades

 momentum steadily increasing for mPayments.

RECOMMENDATIONS
The challenge in 2016 will be doing this in a market where there is increasing
usage, declining rates, and scarce spectrum. With billions of dollars at stake,
2016 spectrum auctions will remain a top-of-mind concern for both
carriers and government
Data usage has been growing dramatically, particularly due to streaming
services, and is expected to continue that path in the year ahead. Wi-Fi usage
will continue to be key.
Furthermore, carriers will need to consider other network strategies to better
manage coverage, quality, and capacity. Further densification of cell sites
including small cells represent a viable strategy for many carriers, as do other
network efficiency trends such as Software Defined Networking (SDN) and
Network Function Virtualization (NFV).

Operators are essentially moving away from proprietary, hardware-based

network equipment to software-based network functions which should allow
them to manage their networks more efficiently and effectively.