Liontrust's Clark: Three 'quad-plays' transforming the telecoms industry

Jamie Clark, co-manager on the Liontrust Macro UK Growth and Macro Equity Income funds, names his favourite transformational stocks in the telecommunications sector.

We are overweight the telecoms sector because we believe that select telcos are actively transitioning from utility-like, value propositions to attractive growth businesses. As technologies converge, a ‘quad-play' offering - fixed line, mobile, TV, broadband - is becoming increasingly key for customer retention. Which global sectors are ripe for consolidation - and will investors benefit? Many investors view telecoms operators as suppliers of a commoditised service and value their shares as low-growth, high-yield utilities with bond-like qualities. However, we believe the fav...