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Karen said mobile operators have realised that their ability to make returns in this sector is hinged on scale. ‘Scale’ players, like Virgin Media O2 and EE, make returns, but ‘sub-scalers’, like Vodafone and Three, struggle to”, she told City A.M.

“The idea is that consolidating from four networks to three might lead to lower prices rather than higher ones as customers are only having to fund three networks across the country rather than four."

In turn, this would allow all of the operators to make a return without driving up prices for customers – and customers would still continue to have considerable choice.

Tom praised Amazon’s move in what he called an “extremely competitive” market.

“Differentiation within your library is now an overriding necessity, and what makes some content distinctive, and therefore valuable, is global brand recognition."

He added “Intellectual property like James Bond, Rocky and The Handmaid’s tale provide both long-term library value and the possibility of spin offs with a guaranteed audience.  This is why Amazon’s acquisition of MGM might be worth its weight in subscriptions."

Abi said Some of these efforts are produced in house. Future’s proprietary tech stack enables the company “to drive almost instant revenue growth."

Jamie said “This is another example of Telegram being linked to resistance movements. It has very much been part of its reputation over the past couple of years as it has boomed. It is associated with being a safe haven.”

He added “The timing of the emergence of talk of an IPO is quite telling, coming almost immediately after the early 2021 boom when its user potential started to explode. I think the momentum they now have, the sheer weight of users, and the fact they are experimenting with ‘privacy safe’ advertising make them an attractive flotation candidate.”

Alice said “The reality is that it is beneficial for people to set up a charity with top heavy management structures, even if by doing so is not directly helping to address the problem it is trying to solve in society."

She added “The Charity Commission is more reactive than it is proactive. The Commission isn’t investigating issues, but waits for them to be flagged when there is a specific complaint.”

Karen said “If they are to have any chance of surviving as a standalone mobile network operator in the UK then they need to stop the downward spiral of poor network perception, fewer customers, lower returns [and] lower investment.”

Three’s capital expenditure was just half that of its peers for the years leading up to 2020, Egan added, and even though it doubled its spending subsequently, it has not been able to catch up with the likes of Vodafone, O2 and EE.