Grimes, McGovern & Associates represents Connectivity Business in sale of Subscription Information Business to Strategic Buyer
Royal Media Acquires Connectivity Business
Expansion extends to global connectivity infrastructure and services industry
NEW YORK (PRWEB) July 20, 2021
Royal Media (Royal), a leading specialized information company, is pleased to announce that it has acquired Connectivity Business and its associated assets including the Connectivity Business Investment Forum.
This is Royal’s second acquisition in as many weeks and represents a significant expansion of the company’s scope and strategy.
Connectivity Business provides senior corporate executives, investors, and strategic advisors with forward-looking market intelligence on the critical strategic and financial issues impacting the global connectivity infrastructure and services industry. Connectivity’s coverage includes terrestrial and orbital broadband service providers, fiber networks and data centers, small cell and tower companies, smallsat constellations and high-altitude platforms, 5G network technology and infrastructure equipment manufacturers, capital providers and investors in the public and private capital markets.
“We are fortunate to have the opportunity to gain access to yet another growing market with the acquisition of Connectivity Business,” said JJ Hornblass, Chief Executive Officer of Royal Media. “Taking on another well-respected brand and jumping into the connectivity infrastructure and services industry allows us to continue growing the Royal Media brand as a premier business information company.”
Connectivity Business was founded 25 years ago in London as SatelliteFinance and TelecomFinance. Today, it is one of the most respected sources for information and perspective on the global communications infrastructure industry.
The global telecom services market is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2021 to 2028, according to industry research. That growth is forecasted on the increased deployment of 5G infrastructures and driven by the shift in customer demand for next-generation technologies and smartphone devices. Other factors fueling the market growth include an increasing number of mobile subscribers, soaring demand for high-speed data connectivity, and the growing demand for value-added managed services.
Royal plans to build on the current Connectivity Business service and event to provide even better coverage and information services and products to the market.
“We are confident that the subscribers will benefit from this transaction and that the Connectivity Business team will flourish as a part of Royal Media,” said Nora K. Hickey, President of Finance Information Group. The seller was represented by Grimes, McGovern & Associates.
Connectivity Business can be found at http://www.connectivitybusiness.com.
About Royal Media
Royal Media, established in 1995, is a leading business information and media company serving professionals in the air freight, financial services, and vehicle finance sectors. Our diverse mix of brands has in common a single mission: to provide important insights to businesses. We achieve this with exceptional news websites, conferences, digital magazines, data, newsletters and podcasts. We also offer a range of custom content development, research, and consulting. Learn more at http://www.RoyalMedia.com.
About Finance Information Group
Finance Information Group provides perspective and information on M&A, financing, and corporate strategy through a series of investment conferences and information services. The firm serves senior corporate executives and board members, institutional investors and capital providers, and M&A professionals in more than 35 countries.
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