Advances in satellite technology, launch and service delivery are compelling industry participants to adapt to change at a faster pace than ever before. Barriers to entry are falling and new business models are emerging as satellites play an expanded role in delivering broadband, entertainment and connectivity. Concerns over supply and demand imbalances are leading to price compression and uncertainty about the level of future revenue growth.
These changes can lead to increased business risks as well as opportunities to rethink business models, explore new partnerships, improve performance and reassess capital structures. The FTI Consulting team combines satellite industry and functional expertise to provide strategic, financial and operational advisory services to help companies and their stakeholders succeed with the opportunities and challenges that confront them.
The dedicated professionals at FTI Consulting have in-depth knowledge of wireline and wireless networks; fiber, broadband, satellite and cable operations; content delivery networks and over-the-top platforms of telecom companies around the world. Our professionals come from within the industry and have a thorough understanding of the strategic, operational, technological, financial and customer acquisition and retention issues facing satellite technology and service providers. We can quickly mobilize a team of resources around the world to respond to client needs.
The FTI Consulting approach to performance improvement includes revenue enhancement in addition to cost controls and efficiency. Our professionals evaluate key operating metrics that drive value, processes and procedures that impact decision-making and evaluate external trends that influence revenues. Armed with facts and our experience in best practices, we develop and help implement appropriate strategies and processes to improve results.
The transaction advisory experts at FTI Consulting — senior practitioners and dedicated teams with specific industry expertise — offer a forward-looking perspective and track record of success across the entire transaction life cycle. Whether representing buyers, sellers or lenders, we offer comprehensive due diligence advice and hands-on support in evaluating opportunities across the risk/return spectrum. As part of a global consulting firm known for success in high-profile, high-stakes transactions, we help our clients maximize value and minimize risk.
Merger & Acquisition Integration/Carve Outs
Pressure on management to deliver synergies quickly is growing as expectations for value creation in M&A transactions become more transparent. While different types of acquisitions require different responses from management, they all share the imperative of needing expert-driven advisory from specialists who know both the industry and the merger & acquisition integration process. With expertise in a dozen industries and experience in more than 100 integration projects, FTI Consulting specialists partner with management to ensure adoption of best practices, maintaining continuity of customer experience and focus on analytics and culture.
FTI Consulting interim mangers and turnaround and crisis management teams have extensive experience advising and collaborating with boards of directors and executive teams to help investors and owners succeed in interim management or turnaround scenarios. Our managers know how to adapt quickly to manage risk, reduce costs, improve liquidity and communicate effectively with stakeholders both in short term engagements requiring a fully staffed, highly skilled interim management team and long term engagements requiring one or two professionals with specific, identified skills to achieve strategic goals.
FTI Consulting has led the restructuring league tables consistently, thanks to our team’s in-depth, industry-specific operational experience and world-class financial expertise. We approach restructuring with industry-specific knowledge plus bankruptcy and reorganization skills. Our professionals have a highly respected track record of stabilizing overleveraged companies, resolving balance sheet issues, assessing operations, restructuring debt and maximizing value to constituents.
Our restructuring team helps clients improve liquidity, conserve cash and manage working capital with services that include:
- Business Plan Assessment Contingency Planning
- Stakeholder Negotiation
- Divestiture Analysis
- Debtor-in-Possession and Exit Financing Options
The Telecommunications industry team within the FTI Consulting Strategic Communications practice includes sector experts with experience representing a broad range of organizations and companies, from start-ups to multinationals. Our clients benefit from the team’s relationships with key influencers to provide a comprehensive suite of integrated communications services including:
- Corporate and Employee Communications
- Financial communications
- Public Affairs
- Creative Engagement
- Strategy Consulting and Research
With more than 1,350 transactions completed, our valuation experts understand the complexities of analyzing assets and businesses in both dynamic and declining markets. FTI Consulting professionals bring a unique depth of financial and practical experience to all our valuation engagements. By leveraging our significant industry expertise, we also specialize in assessing the value of intellectual property and intangible assets.
Financial opinions and valuation services include:
- Fairness, solvency, collateral valuation, intellectual property and intangible asset valuation, and going concern opinions
Financial Reporting Opinions
- Purchase price allocation and goodwill impairment (ASC 805)
- Portfolio valuations for private equity funds, hedge funds, banks and other capital market constituents (ASC 820)
- Incentive compensation, options and “cheap stock” (ASC 718)
- Revenue recognition for multi-element licensing arrangements (ASU 2009-13)
- Derivative valuation opinions (ASC 815)
Tax Planning and Reporting Opinions
- Estate and gift tax opinions
- Enterprise, minority interest and asset valuations
- Equity/share-based incentives and compensation for services (IRS Sec. 409A)
Valuation — Wireless Spectrum
FTI Consulting has advised buyers in nearly a dozen recent spectrum auctions throughout the world, providing valuations, competitive assessments and regulatory support in advance of the auction. In the United States, when the Federal Communications Commission initiates wireless spectrum auctions, our spectrum experts work with carriers and with broadcasters who are interested in buying and/or selling spectrum. We follow the National Broadband Plan and the anticipated broadcast spectrum auctions, utilizing our related international experience.
FTI Consulting provides law firms and corporations around the globe with a complete suite of litigation support and investigative, consulting and expert witness services. Our team includes certified public accountants, certified fraud examiners, valuation experts and insolvency professionals with expertise in networked industries, anti-trust and intellectual property.
Utilizing our deep satellite industry experience and financial and operational know-how, we understand complex situations quickly and articulate critical issues clearly in writing and in the witness box, with direct involvement in some of the most historic, high-stakes cases of the last decade.
FTI Consulting combines industry experience and company-specific financial/operational knowledge with execution expertise to identify value drivers and risks critical to a transaction outcome.
We have been distinguished among financial advisors for assisting clients in the development of business plans and financial forecasts to consummate merger and acquisitions and financing transactions. Potential buyers, sellers and financing sources count on our analyses and valuation estimates in a way few investment bankers can match.
Through our FINRA-regulated investment banking subsidiary, FTI Capital Advisors, LLC, our professionals provide insight and answers that drive value and overcome obstacles to help complete sale, acquisition and capital raising transactions and to provide valuation and fairness opinions.