The global mobile market is set to expanded at a five-year compound annual growth of 1.2 percent through 2022, driven by increased mobile data usage and expanding M2M applications that offset declines in spending on mobile voice and messaging services, according to researcher IDC. Worldwide spending on telecom and pay-TV services will rise by 0.6 percent in 2018.

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Mergers and acquisitions in the public relations industry are likely to be frequent in the next few years as publicity firms with digital know-how find buyers. Almost all (92 percent) of respondents to a recent survey of independent PR firms said they have been approached by a potential buyer in the past two years, while more than half of firms (54 percent) said it was “likely” or “very likely” that they would sell by 2021, according to law firm Davis & Gilbert.