Telcos shift focus from connectivity to tech services

Telecom companies are shifting their focus from basic connectivity to advanced technology services, emphasizing AI, 5G, and smart city projects. At the Mobile World Congress, leaders highlighted investments in AI to enhance network efficiency and expand service offerings. SK Telecom's CEO noted that AI can improve operations and create new business opportunities. Other firms, like KDDI and MTN, are also exploring innovative services, including satellite internet and fintech solutions, to redefine their roles in the tech landscape. The term "techco" is gaining traction, reflecting this transformation. Analysts recognize the urgency for telecoms to adapt as competition increases from tech giants, with AI and autonomous networks becoming key areas for growth and efficiency.