Telecom Technologies & Services News

Software Synergy Case Study

Software Synergy, Inc. (“SSI”), a provider of automated, intelligent network-wide routing and optimization solutions for the planning and management of communications service provider networks, in its acquisition by TEOCO. This case study highlights the unique process of this transaction.

FOCUS Investment Banking Named #1 Lower Middle Market M&A Advisor In Q2 2023​

Washington, DC, (July 27, 2023) – FOCUS Investment Banking (“FOCUS”) a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, is thrilled to announce its exceptional achievement of being named #1 on Axial’s second quarter 2023 lower middle market investment bank league table. This prestigious recognition comes as a testament …

FOCUS Telecom U.S. Communications Service Provider Quarterly: Summer 2023 Report

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The FOCUS Communications Service Provider Index (CSPI) snapped its streak of positive returns as the sector dropped 3.6% in our summer reporting period. This was despite a strong overall market backdrop that propelled the S&P 500 up 8.3% and the NASDAQ up 12.8% over the corresponding time period. The CSPI also compares unfavorably to the broader indices over the full year time frame. The sector is down 18.7% compared to this time last year, while the S&P 500 and NASDAQ are up 17.6% and 25.0%, respectively. Multiples ended the period at 2.3x revenue (down from 2.5x a year ago) and 6.4x EBITDA (down from 6.8x a year ago).
network devices

FOCUS Telecom Business Services Quarterly: Summer 2023 Report

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While its momentum slowed somewhat from our Spring report, the FOCUS Telecom Business Services Index (TBSI) still delivered a positive return with a three-month gain of 2.9%. This lagged the returns of the broader indices as the S&P 500 gained 8.3% and the NASDAQ gained 12.8% over the corresponding time period. Sector multiples are also higher compared to the year-ago period. The sector revenue multiple went from 0.9x to 1.0x, while the sector EBITDA multiple increased from 9.9x to 11.4x.

Celito Case Study

Celito, a communications and managed service provider serving businesses in the Raleigh, North Carolina region, has received a significant equity investment from M/C Partners, a leading private equity firm focused on the digital infrastructure and technology services sectors. FOCUS advised Celito in this transaction. This case study highlights the unique process of this …

FOCUS Investment Banking Represents Celito in its Growth Investment from M/C Partners

Washington, DC, (June 1, 2023) – FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services, announced today that Celito, a communications and managed service provider serving businesses in the Raleigh, North Carolina region, has received a significant equity investment from M/C Partners, a …

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FOCUS Enterprise-Focused Telecom Technology Quarterly: Spring 2023 Report

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Public Markets

After suffering a decline in our winter report, the FOCUS Enterprise-Focused Telecom Technology Index (EFTTI) bounced back this period to deliver a solid three-month gain of 1.5%. This was essentially in-line with the 2.3% gain in the S&P 500, but underperformed the 5.5% gain in the NASDAQ. The EFTTI still remains steeply down …

FOCUS Telecom U.S. Communications Service Provider Quarterly: Spring 2023 Report

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The FOCUS Communications Service Provider Index (CSPI) managed a second straight reporting period in positive territory as it posted a three-month gain of 2.7%. While this was certainly a respectable gain, it still significantly underperformed both the 7.0% gain in the S&P 500 and the 16.8% increase in the NASDAQ over the corresponding time frame. Sector multiples were down somewhat and ended the period at 2.4x revenue and 6.4x EBITDA. This compares to sector multiples of 2.6x revenue and 7.4x EBITDA for the year-ago period.
network devices

FOCUS Telecom Business Services Quarterly: Spring 2023 Report

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The FOCUS Telecom Business Services Index (TBSI) continued the upward trend we noted in our winter report with a three-month gain of 10.9% for the spring reporting period. This outperformed the 7.0% gain in the S&P 500 but lagged the 16.8% gain in the NASDAQ. This period’s gains also pulled the sector into positive territory for the full year with a gain of 6.0%. This handily outperformed the broader indices, both of which were down sharply over the past year. Sector multiples are fairly consistent with this same time last year. The revenue multiple remained unchanged at 1.0x, while the EBITDA multiple ticked up slightly from 10.9x a year ago to 11.2x currently.