Corporate investors shied away from big funding rounds for telecoms startups, with the value of deals down to $2.42bn in 2021 from $5.14bn the year before.
Increased 5G investment would come as a welcome boost for the telecoms sector as corporate investors were cautious about investing in telecoms startups last year. The value of telecoms-related startup deals involving a corporate backer dropped more than 50% last year from $5.14bn in 2020 to $2.42bn for 2021. The number of deals was down only 10% — from 21 to 19 deals, but investors were clearly focused on the small-ticket end of the market.
