Shuffling deckchairs on the Titanic, pawning the family heirlooms, falling for the latest chain-letter scam; all could fairly be levelled at operators the world over. We are starting 2025 with three deals that paint a picture of an industry still in quiet turmoil. Operators are facing a cash crunch, and need to stem their bleeding. Rising operating costs, stagnating ARPUs, and poor returns on their 5G capital investments, have created a sense of urgency. The MBA crowd of advisors has settled on divestment as the immediate answer, with the easiest sales being non-core assets. The likes of Vodafone have sold off entire countries, in their attempts to right the ship, but AI and 6G are on the horizon, ready to…