> ## Content Index > Fetch the complete content index at: https://newsletters.qs.com/llms.txt > Use this file to discover other available public pages before exploring further. # πŸ“ž Telecommunication Index Up 1.5%. $130M+ VC Funding. - URL: https://newsletters.qs.com/telecommunication-index-up-1-5-130m-vc-funding/ - Published: 2024-04-16T11:00:39.000Z - Updated: 2024-04-17T06:12:03.000Z - Description: Impact Capital Markets #72 looks at our Telecommunication stock index, major impact deals, M&A, and upcoming economic releases. - Author: QS - Tags: Deals [**Annyeonghaseyo**](https://en.wikipedia.org/wiki/Korean%5Flanguage?ref=newsletters.qs.com#:~:text=Korean%20%28South%20Korean%3A%20%ED%95%9C%EA%B5%AD%EC%96%B4%2C,North%20Korea%20and%20South%20Korea.) 🍜 πŸ“‰ **Today's Global Economic Update:** China's GDP data was released yesterday, [revealing a 5.3% yearly increase in the first quarter of 2024](https://www.stats.gov.cn/sj/?ref=newsletters.qs.com), marking its highest growth since Q2 2023\. Despite this positive momentum, March data showed industrial output and retail sales rising less than expected, indicating the need for further policy easing. ⚑️ **Deal of the Day:** NatPower, a renewable energy development company, raised [$53M](https://finance.yahoo.com/news/vinci-signs-strategic-partnership-agreement-063000497.html?ref=newsletters.qs.com) to expand its renewable energy projects in the United States. **What's New?** πŸ“ž **Telecommunication.** Telecommunication index up 1.5% **πŸ’° Funding.** Energy, materials science, insurance tech & AI legal platform πŸ’Ό **M&A.** Glanbia acquires Flavor Producers πŸ“… **Economics.** China GDP Data, inflation, retail sales, balance of trade + more ## πŸ“ž Telecommunication Index Up 1.5% ![](https://storage.ghost.io/c/f1/d4/f1d411df-6f49-4c75-a302-f8c9e9f59495/content/images/2024/04/HolonIQ_HolonIQ_Telecommunications_HIQTELCO_HCH7MG6GVZ49G9US2QQP--1-.png) Over the past quarter, the HolonIQ Telecommunication index witnessed fluctuations, reaching highs of around 4.8% in February and March, before settling at a 3-month return of 1.5%. Main stocks in the index such as China Mobile Ltd. ($191B MCap) grew by 4%, while T-Mobile US, Inc. ($189B MCap) and Comcast Corp. ($156B MCap) had more modest increases at 0.8% and 0.1% respectively. With telecom companies generally offering high payout ratios and retaining relatively smaller portions of their income for reinvestment, opportunities for substantial earnings growth may be limited. Underwhelming revenue growth from 5G wireless services is also holding back profit expansion. Despite facing challenges, there's optimism about the telecom industry's future. While hurdles remain, like the low adoption of Fixed Wireless Access (FWA), a technology used to deliver 5G services, it has significant potential to bring internet to more places, especially in rural areas where deploying traditional wired infrastructure is impractical. Looking ahead to 2024, the telecom industry is rapidly digitizing and embracing AI. The industry's adaptability and innovation position it well for sustained growth. ## πŸ’° Funding ⚑️ **NatPower,** a Luxembourg-based independent renewable energy development company, raised [$53M](https://finance.yahoo.com/news/vinci-signs-strategic-partnership-agreement-063000497.html?ref=newsletters.qs.com) from VINCI to expand its renewable energy projects in the United States. ♻️ **CleanFiber,** a New York-based materials science company, raised a [$28M Series B ](https://www.finsmes.com/2024/04/cleanfiber-raises-28m-in-series-b-funding.html?ref=newsletters.qs.com)from Spring Lane Capital to enhance its growth and expand its product portfolio. πŸ›‘οΈ **Pula,** a Kenyan insurance tech company, raised a [$20M Series B](https://techcrunch.com/2024/04/14/pula-raises-20m-series-b/?ref=newsletters.qs.com) from BlueOrchard to establish new partnerships, including for livestock covers. βš–οΈ **Lawhive,** a UK-based AI legal platform, raised a [$11.7M Seed](https://www.eu-startups.com/2024/04/london-based-lawhive-an-ai-powered-platform-for-lawyers-secures-over-e11-million-in-seed-funding/?ref=newsletters.qs.com) to facilitate access to quality legal assistance for consumers and small businesses. ## πŸ’Ό M&A [](https://www.facebook.com/sharer.php?u=https%3A%2F%2Ftech.eu%2F2024%2F04%2F11%2Fjobcannon-acquires-adsme-a-new-era-in-ai-driven-recruitment%2F)[](https://twitter.com/intent/tweet?text=JobCannon+acquires+Adsme+to+transform+AI-driven+job+recruitment&url=https%3A%2F%2Ftech.eu%2F2024%2F04%2F11%2Fjobcannon-acquires-adsme-a-new-era-in-ai-driven-recruitment%2F&via=tech%5Feu&ref=newsletters.qs.com)[](https://www.linkedin.com/cws/share?url=https://tech.eu/2024/04/11/jobcannon-acquires-adsme-a-new-era-in-ai-driven-recruitment/&ref=newsletters.qs.com) 🍽️ **Glanbia**, an Irish nutritional products developer, has signed an agreement to [acquire](https://nutraceuticalbusinessreview.com/Glanbia-acquires-Flavor-Producers-300m?ref=newsletters.qs.com) Flavor Producers for $300M, a California-based custom flavors and extracts provider. ## **πŸ“…** Economic Calendar China GDP Data, Inflation, Retail Sales, Balance of Trade + More ### Tuesday, April 16th 2024 πŸ‡©πŸ‡ͺ [Germany ZEW Economic Sentiment Index, April](https://www.zew.de/?ref=newsletters.qs.com) πŸ‡¨πŸ‡¦ [Canada Inflation Data, March](https://www.statcan.gc.ca/?ref=newsletters.qs.com) πŸ‡ΊπŸ‡Έ [US Building Permits (Preliminary), March](https://www.census.gov/?ref=newsletters.qs.com) πŸ‡―πŸ‡΅ [Japan Balance of Trade Data, March](https://www.mof.go.jp/english/index.htm?ref=newsletters.qs.com) ### Wednesday, April 17th 2024 πŸ‡¬πŸ‡§ [UK Inflation Data, March](https://www.ons.gov.uk/?ref=newsletters.qs.com) ### Thursday, April 18th 2024 πŸ‡―πŸ‡΅ [Japan Inflation Data, March](https://www.stat.go.jp/?ref=newsletters.qs.com) ### Friday, April 19th 2024 πŸ‡¬πŸ‡§ [UK Retail Sales Data, March](https://www.ons.gov.uk/?ref=newsletters.qs.com) ### Tuesday, April 23rd 2024 πŸ‡©πŸ‡ͺ [Germany HCOB Manufacturing PMI (Flash), April](https://www.pmi.spglobal.com/public?ref=newsletters.qs.com) πŸ‡¦πŸ‡Ί [Australia Inflation Data, Q1](https://www.abs.gov.au/?ref=newsletters.qs.com) ### Wednesday, April 24th 2024 πŸ‡©πŸ‡ͺ [Germany Ifo Business Climate Index, April](https://www.ifo.de/?ref=newsletters.qs.com) πŸ‡ΊπŸ‡Έ [US Durable Goods Orders Data, March](https://www.census.gov/?ref=newsletters.qs.com) ### Thursday, April 25th 2024 πŸ‡©πŸ‡ͺ [Germany GfK Consumer Confidence Index, May](https://www.gfk.com/de/home?ref=newsletters.qs.com) πŸ‡ΊπŸ‡Έ [US GDP Growth Data, Q1](https://www.bea.gov/?ref=newsletters.qs.com) πŸ‡―πŸ‡΅ [Japan BoJ Interest Rate Decision](https://www.boj.or.jp/?ref=newsletters.qs.com) ### Friday, April 26th 2024 πŸ‡ΊπŸ‡Έ [US Core PCE Price Index, March](https://www.bea.gov/?ref=newsletters.qs.com) πŸ‡ΊπŸ‡Έ [US Personal Income & Spending, March](https://www.bea.gov/?ref=newsletters.qs.com) [](https://www.bea.gov/?ref=newsletters.qs.com) [](https://www.ifo.de/?ref=newsletters.qs.com) [](http://www.sca.isr.umich.edu/?ref=newsletters.qs.com) [](https://www.ifo.de/?ref=newsletters.qs.com) [](https://www.bea.gov/?ref=newsletters.qs.com) [](https://www.ifo.de/?ref=newsletters.qs.com) [](http://www.sca.isr.umich.edu/?ref=newsletters.qs.com) [](https://www.ifo.de/?ref=newsletters.qs.com) --- **Like getting this newsletter?* For unlimited access to more deals and economic updates,* [*request a demo*](https://webforms.pipedrive.com/f/1uMbIPRqUeVuZ31jVtKWMWIuqU2ga1nKo8aotNdGihU16zgOzuTfRMb9XfIIGmcOT?ref=newsletters.qs.com)*.* --- **Thank you for reading. 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