A journal for executives in the telecom, cable, satellite and Internet industries. The magazine showcases the best global practices and leading-edge thinking regarding management and financial issues in the communications industry. In this issue, we explore the theme of ‘Discipline for growth’. Our first article looks at how operators can use their scale and capabilities to compete through innovation, and includes an accompanying interview with the CEO of Telefónica’s Wayra, who discusses their approach to fostering innovation. In our second article, we present six strategic plays for achieving breakout growth, requiring focus and organisational agility. Our third article explores what the proposed changes to VAT mean for providers of e-services and the potential impact on revenues. And, finally, in our Perspectives section, we interview SmarTone’s CEO Douglas Li, who talks about how SmarTone has managed to become both highly profitable and highly differentiated with customers.