Telecom Technologies & Services News

Enterprise-Focused Telecom Technology Quarterly

Download the FOCUS Enterprise-Focused Telecom Technology Quarterly: Spring 2019 Report

In public markets, the FOCUS Enterprise-Focused Telecom Technology Index (EFTTI) turned in a stellar reporting period this spring with a three month gain of 17.3%. Gains were broad-based as every single sub sector in the index was in positive territory for the period. In addition, the gains in the EFTTI handily outperformed the broader indices as the S&P 500 was up 8.9% and the NASDAQ was up 11.2% over the corresponding time frame. The story is similar for the full year period, where the EFTTI’s year-over-year increase of 23.7% compares favorably with both the 11.3% gain in the S&P 500 and the 14.6% gain in the NASDAQ. The sector has benefited from meaningful multiple expansion over the past year. The sector revenue multiple ended the period at 4.9x (up from 4.0x a year ago) and the sector EBITDA multiple ended the period at 20.5x (up from 16.5x a year ago).
Telecom Business Services Quarterly

Download the FOCUS Telecom Business Services Quarterly: Spring 2019 Report

In public markets, the FOCUS Telecom Business Services Index (TBSI) roared back after a disappointing winter reporting period to post a strong gain in the spring. The sector was up 14.7% in the last three months, which outperformed the 13.1% gain in the S&P 500 but trailed the 16.5% gain in the NASDAQ over the corresponding time period. For the 12 month period, the sector is up 17.2%. This gain handily outperformed gains in the S&P 500 and NASDAQ of 7.3% and 9.4%, respectively. Sector multiples ended the period at levels that were roughly consistent with this same time last year. The sector revenue multiple remained unchanged at 0.4x, while the sector EBITDA multiple ticked up slightly from 8.7x to 9.2x.

Download the FOCUS Carrier-Focused Telecom Technology Quarterly: Spring 2019 Report

In Public Markets, the FOCUS Carrier-Focused Telecom Technology Index (CFTTI) once again delivered both a positive return and handily outperformed the broader indices. For our spring reporting period, the CFTTI jumped an impressive 9.9%, while the S&P 500 gained only 0.9% and the NASDAQ gained only 2.8%. The CFTTI is also well ahead of the S&P 500 and NASDAQ over the last 12 months. The CFTTI is up 14.6% over the past year, while the S&P 500 and NASDAQ are up only 2.6% and 3.6%, respectively…

Enterprise-Focused Telecom Technology Quarterly

Download the FOCUS Enterprise-Focused Telecom Technology Quarterly: Winter 2019 Report

In Public Markets, for the second straight reporting period the Focus Enterprise-Focused Telecom Technology Index (EFTTI) delivered a positive return despite losses in the broader markets. The 3.4% return for the EFTTI over the past three months compares favorably to the 0.3% decline in both the S&P 500 and NASDAQ over the same time period.
U.S. Communications Service Provider Quarterly

Download the FOCUS U.S. Communications Service Provider Quarterly: Winter 2019 Report

In public markets, the past three months was tough on the public markets generally, and the FOCUS Communications Service Provider Index (CSPI) was unfortunately not able to buck the overall negative trend. The only silver lining was that the 7.5% drop in the CSPI for our winter reporting period compared favorably to both the 14.0% drop in the S&P 500 and the 17.5% drop in the NASDAQ. The CSPI remains down for the full year period with a year-over-year loss of 12.1%. After this period’s reverses, the broader indices joined the CSPI in negative territory for the year. The S&P 500 was down 6.2% over the past 12 months, while the NASDAQ was down 3.9%. Sector multiples are down compared to this time a year ago, although the declines were relatively modest. The sector revenue multiple dipped from 2.5x to 2.4x, while the sector EBITDA multiple dropped from 7.7x to 7.3x.

FOCUS Investment Banking Represents ADDvantage Technologies Group, Inc. in its Acquisition of Fulton Technologies, Inc. and Mill City Communications, Inc.

ADDvantage Technologies Group, Inc. has acquired Fulton Technologies, Inc.

Washington, DC, (January 14, 2019) – FOCUS Investment Banking, a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, announced today that ADDvantage Technologies Group, Inc. (“ADDvantage Technologies”) has acquired the assets of Fulton Technologies, Inc. and Mill City Communications, Inc. (together “Fulton Technologies”).  FOCUS represented ADDvantage Technologies in the …

Download the FOCUS Carrier-Focused Telecom Technology Quarterly: Winter 2018 Report

In public markets, the FOCUS Carrier-Focused Telecom Technology Index (CFTTI) increased a scant 0.4% in our winter reporting period. However, this gain looks much more impressive when measured against the performance of the overall market. Over the same time period, the S&P 500 dropped 4.9%, while the NASDAQ dropped nearly 10%. In short, the sector …