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CMS Global Brochure – TMC plus

Read about our expertise in advising Technology, Media and Communications players, and their financiers and investors, in our TMC brochure.

Digital transformation redefines business and social structures

Digital communications have been connecting people for almost 20 years, but the digital era poses an ever growing set of legal challenges. The pervasiveness of communications technologies has allowed the delivery of immense benefits and possibilities for individuals. However, it has also raised critical issues that may seriously affect human and privacy rights. Accordingly, governments, multinational entities and global organisations have placed these topics at the heart of their agendas and are fighting to keep abreast of the impact of emerging and maturing technologies.

Digital platforms have certainly provided solutions to human life challenges (some we didn’t know we had) and this will increase exponentially with the deployment of 5G networks and the Internet of Things. Its significantly improved performance characteristics make 5G the first mobile technology truly able to extend the reach of broadband wireless services to IoT business cases. This needs dedicated shared network infrastructure. 

Over recent years the ownership structures for communications infrastructure have been radically reviewed and redesigned. This has been driven by a number of forces: regulatory, financing, competition and technological. Finance providers have been able to offer lower cost of capital to businesses where particular assets can be identified and produced, and a closely correlated cash flow which can be used to finance the debt. 

The lower cost of capital available for precisely delineated ownership structures means that operators can compete more effectively at the wholesale level both on price and on rollout or facilities.

Finally, technology and equipment providers can supply equipment for clearly specified outcomes and uses and effectively where the cost of capital is lower more equipment can be sold. 

As industries converge and new ones emerge, a wide range of stakeholders in the technology, media and communications sector from users, financiers and investors to business owners and regulators face an urgent need to understand how digital transformation presents commercial and financial 
opportunities and is redefining conventional business and social structures. 

CMS is here to help you on that journey.

Find out more about our TMC capabilities

Publication
CMS Global Brochure – TMC Plus
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Key contact

Chris Watson
Partner
Chair, Technology, Media & Communications
London
T +44 20 7367 3701