Strategic advice to the TMT sector

We support leading technology, media and telecoms players to make major strategic and regulatory decisions.

Our commitment is to provide high-quality advice, supported by rigorous analysis, to help our clients solve their most pressing issues. With our strong track record in both developed and emerging markets, our footprint is global.

Our senior team collectively has over 150 person-years of experience advising operators and regulators, as well as investors and legal institutions. They are supported by a team of specialist TMT consultants and, together, we have established Aetha as a global leader within the TMT industry.


Our latest thinking

Why spectrum values are falling

10 April 2025

In this report, commissioned by BT, we challenge the assumption made by Ofcom in its calculation of annual licence fees (ALFs) that spectrum value is stable in real terms.

Our analysis of international spectrum prices shows a clear downward trend since 2016, driven by increased spectrum supply, increased confidence in technological advancements, and revised mobile traffic growth forecasts. As a result, Ofcom could be overstating spectrum values by 41%.


Our services

Expert witness

We use our deep understanding of the TMT sector to support in arbitration and litigation proceedings.

Infrastructure

We assist operators, investors and policy makers in understanding the value of digital infrastructure.

Policy & regulation

We work with regulators, governments and operators to develop and implement regulatory policies.

Spectrum

We support operators and regulators in managing, buying or selling spectrum, a key telecoms resource.

Strategy

We apply rigorous qualitative and quantitative analysis to assist operators in evaluating business opportunities.

Transaction support

We use our understanding of TMT markets, technologies and regulation to support M&A and debt transactions.

Wholesale

We support our clients with designing and pricing unregulated wholesale products.

Find out more about our expertise >

Careers

We are looking for highly talented individuals with a quantitative degree and an interest in technology, media and telecoms. Visit our careers page for more information and to hear from some of our employees.

See careers >