EE’s Q4 results exhibited a resilient performance for a market leader, with net adds and revenue growth slightly declining, but likely in line with a weak market

The 4G launch and partial rebrand were implemented in October 2012, and resulted in little customer leakage (a substantial short term risk), but also little evidence yet of ARPU enhancement (a longer term upside)

With the rebrand successfully completed, a headstart in 4G established, and significant scope for merger synergy savings to come, the outlook is positive

Vodafone’s European revenue growth slowed again in the December quarter, to -4.8% on a reported basis from -3.8% in the previous quarter, with growth excluding the MTR impact also dropping While macroeconomic conditions and the decline in the mobile broadband dongle market are not helping, there also appears to be some competitive weakness, with churn increasing markedly in the quarter The new Vodafone Red tariffs are sound from a strategic perspective, but in the short term they do not appear to be helping subscriber numbers or ARPU

Virgin Media had a very strong Q4, with subscriber net adds improving across all main products, ARPU solid, and margins improving to record levels, with revenue growth set to accelerate in the coming quarters

This was overshadowed by the announcement that Liberty Global is planning to acquire Virgin Media to form the world’s largest cable TV subscriber base

The impact of this acquisition on the rest of the UK market would be minor, as Liberty Global is likely to follow the current Virgin Media approach on content, network and pricing

Slides from the presentations by the following speakers at the Media & Telecoms: 2013 & Beyond conference on 15 January 2013: •Anthony Wood, CEO, Roku •Anne Bouverot, Director General, GSMA •Thomas Hesse, Chief Digital Officer, Bertelsmann

Enders Analysis co-hosted its annual conference, in conjunction with BNP Paribas and Deloitte, in London on 15 January 2013. The event featured talks by 14 of the most influential figures in media and telecoms, and was chaired by Sir Peter Bazalgette.

TalkTalk’s broadband base returned to growth in the December quarter after years of decline, helped by further churn improvements

The company gained a respectable 80k new pay TV subscribers after its Plus TV launch, and the overall Plus/Plus TV base continued to grow

Revenue growth was unchanged at -1.7% in the quarter, but given the timings of price changes we still expect a return to broadly flat or growing revenue next quarter

BT had a very solid quarter, with revenue growth improving, broadband subscriber net additions bouncing back, ARPU robust and cost control still strong

Fibre net adds were particularly impressive, with take-up accelerating from an already high level, with this perhaps now starting to help stabilise ARPU

Progress on TV has been more mixed, with plenty of costs being added but no deals having been made yet to help offset this with revenue

Tough economic conditions may have blunted DTH growth in the traditionally strong Christmas quarter, yet the Q2 2013 results show the underlying business to be in good health: highlights including strong multi-product and ARPU growth and impressive cost efficiencies

As a result, Sky has managed to deliver a sharp increase in operating profits, whilst simultaneously building its content strengths and retaining its technology focus on product improvements and innovation

The product diversification promises to benefit Sky less in terms of direct new revenue streams than in building customer loyalty and stickiness, important too for maintaining ARPU growth

Enders Analysis co-hosted its annual conference, in conjunction with BNP Paribas and Deloitte, in London on 15 January 2013. The event featured talks by 14 of the most influential figures in media and telecoms, and was chaired by Sir Peter Bazalgette. This report provides edited transcripts of the talks given by nine of those speakers: Sir Martin Sorrell, CEO, WPP Tim Davie, Acting Director General, BBC Dan Cobley, Managing Director, Google UK & Ireland Michael Tobin, CEO, Telecity Group Liv Garfield, CEO, Openreach Dido Harding, CEO, TalkTalk Group Victor Zhang, CEO, Huawei UK & Ireland Cindy Rose, Executive Director of Digital Entertainment, Virgin Media Q&A: Dido Harding, Victor Zhang and Cindy Rose Ed Richards, CEO, Ofcom

Slides from the presentations by the following speakers at the Media & Telecoms: 2013 & Beyond conference on 15 January 2013:

•Sir Martin Sorrell, CEO, WPP
•Michael Tobin, CEO, Telecity Group
•Liv Garfield, CEO, Openreach
•Dido Harding, CEO, TalkTalk Group
•Victor Zhang, CEO, Huawei UK & Ireland
•Cindy Rose, Executive Director of Digital Entertainment, Virgin Media