This report focuses on how telcos can drive growth through 5G and diversification. The report highlights four key areas for telcos to consider: 5G B2C, 5G B2B, 5G Wholesale, and Beyond Core strategy. The report suggests that telcos should leverage 5G to converge new media ecosystems and rethink consumer engagement, as well as to explore the €60bn B2B opportunity through mobile private networks and network slicing. Additionally, the report suggests that telcos should consider opening up or separating their networks to create new wholesale opportunities beyond traditional mobile. The report concludes that telcos should accelerate growth through asset reconfiguration.