As the industry gears up for MWC 2025, it is worth setting the scene. Last year, it was clear that both the vendors and MNOs were fed up, waiting for the barbarians to sack the city and shake things up. Almost a year on, this has not changed. As we noted, “with the 5G capex cycle firmly over, a complete lack of 5G monetization, and attention already turning to 6G, the mobile industry is at least aware that it is on a knife edge. We have compared the mobile industry to the late stages of the Roman Empire previously, but at MWC 2024, both operators and vendors admitted that the barbarians would be a welcome relief.” In that past year,…