UK tourism apparently losing out on £1.5 billion to poor connectivity

A report from VodafoneThree claims poor connectivity means SMEs in the UK’s tourism industry are leaving £1.5 billion of potential earnings on the table.

According to the newly merged operator’s survey, 74% of tourism-related SMEs, such as hotels, restaurants and gift shops, reported a financial boost this summer as many UK holiday makers chose to stay in the country for their trips, but 19% believed poor connectivity prevented them from fully capitalizing on that.

UK FTTP: An embarrassment of riches?

  • New Point Topic report shows FTTP coverage now reaches nearly 80% of all UK premises
  • Overbuilding means almost a third of UK households now have at least two fibres passing their front door while some have as many as four – too many?
  • But overbuilding is now slowing as further altnet consolidation looms
  • Focus for UK altnets continues to shift from network building to commercialisation and revenue generation

Ten years ago, fibre-to-the-premises (FTTP) was a rarity in the UK and only BT

STL downgrades API revenue forecast

Research and consulting company STL Partners has revised down its outlook for mobile network API revenue – but it is still a lot higher than some other forecasts on the sector’s potential.

STL says mobile network APIs could unlock global revenues of $31 billion for the telecom industry by 2030 – however due to some initial launch delays that is down 8% from the $34 billion in revenue it expected in last year’s forecast.

Monzo mobile phones reportedly on the way in the UK

Monzo is reportedly working on the launch of a mobile phone service in the UK, clearly looking to build on the success of its digital banking offer.

But while it has a ready-made user base to target – its banking customers exceeded 12 million as of the end of March – Monzo will enter a crowded market. It is one of a number of financial and utility companies looking to sidestep into the adjacent mobile space.

Increased competition driving foldable smartphones sales in Europe

A report from Counterpoint says while foldable smartphones are still a niche segment in Europe, sales are growing rapidly, partly due to new devices entering the market.

Counterpoint described 2024 as a “pivotal year” for Europe’s foldable smartphone market – sales increased 37% YoY, the main driver of which was what it calls the “book-type form factor”, for which sales increased 60%.

Tech leaders say high rates of security breaches linked to insecure code

Some research by SecureFlag, a firm which specialises in secure coding training, claims senior technology leaders have reported high rates of security breaches linked to insecure code.

SecureFlag surveyed 100 UK C-suite execs and tech leaders, and 67% of them admitted their organisation experienced at least one cybersecurity breach or serious incident in the past 12 months due to insecure coding practices – and nearly half of those said they faced multiple incidents of that type.