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UK telecommunications services provider BT Group’s restructuring and cost-cutting is a means to drive sustainable long-term growth and to reverse the downward trend in earnings, according to data and analytics company GlobalData.

Intense market competition in the Asia Pacific region means that over-the-top video platform providers, content creators and telecom operators must collaborate to boost revenues and profits of their respective businesses, according to a new report.

IT services deals "experienced a steep decline in 2017, both in terms of the number of deals and total contract value (TCV), compared to both 2016 and 2015", according to data and analytical gurus GlobalData.

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