Similarly, the shift from voice to data services is also taking place in the fixed-line business, as growth in fixed-telephone subscriptions is stalling while fixed-broadband subscriptions are on the rise. The analysis will depict the impact of such transformations on the financial performance of service providers, along with the influence of over-the-top (OTT) providers on the mobile industry, particularly on traditional messaging revenues. Lastly, the chapter concludes by providing some policy suggestions based on data findings. As a result of this M&A activity and major private spending in mobile-broadband and FTTH infrastructure improvements that year, telecommunication-specific FDI in South Africa increased by 332 per cent from 2015 to 2016. In 2016, IHS Holding acquired Helios Towers Nigeria's portfolio of 1 211 tower sites throughout the country, while Bharti Airtel acquired Econet's 4.2 per cent stake in Airtel Nigeria.