Connectivity traditionally has not been a “growth” business. Far from it, telecom had for most of its history been considered a natural monopoly, on a par with water, sewer and electrical service. Around the turn of the century there was some thinking that might have changed.
Alas, the connectivity business still seems to be a slow growth--in some cases no growth--type of industry. The latest data from U.K. regulator Ofcom shows this. Since 2012, total service provider revenue in the United Kingdom has dropped. Monthly household spending on communications has remained relatively flat, growing about one pound per household, per month.
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