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The telecommunications industry has been experiencing a decline in revenue for over a decade, leading to a pessimistic outlook for the future. However, developments in the satellite industry are offering new opportunities for telcos, particularly in areas where traditional infrastructure is not feasible. With the decreasing cost and improving technology of satellite services, they could become a differentiator for competing telcos. Additionally, satellite technology has also opened up opportunities in sectors such as maritime and aviation. The slow march towards hybrid 5G IoT networks has also begun, thanks to satellite technology.