ANZ TMT Research Reports

12 Oct 2026 · Digital Infrastructure · Explainer· NEW

Firmus Pulls Its IPO: What Australia's AI Float Collapse Does (and Doesn't) Tell Us

: This explainer examines the rise and collapse of Firmus' initial public offering, which would have been one of the largest technology listings in ASX history before the company withdrew it on 9 October 2026. It traces Firmus' evolution from a bitcoin-mining cooling specialist into an AI infrastruct…

12 Oct 2026 · Media · Brief· NEW

Duty of Care: Australia's Plan to Re-Engineer the Rules of Online Engagement

: This report examines the Australian Government's proposed Online Safety Amendment (Digital Duty of Care) Bill 2026. It sets out the Bill's legislative strategy, the design-feature restrictions and algorithmic-choice mandates it would introduce, and the enforcement regime available to the eSafety Co…

6 Oct 2026 · Digital Regulation · Explainer· NEW

How Open-Weight AI Is Redrawing the Frontier - and What China's DeepSeek Moment Means for Australia

: The artificial intelligence industry is cleaving into two structurally distinct camps. On one side stand the closed frontier models - proprietary systems from Anthropic, OpenAI, and Google DeepMind, accessed exclusively via metered APIs, with weights that never leave vendor-controlled infrastructur…

24 Sept 2026 · Telecom · Forecast

Australia Consumer Mobile Forecast 2026

: We expect consumer mobile revenue (both service and hardware) to grow at a CAGR of 3.6% over FY26/31. In FY26, we estimate that mobile constituted 63% of total consumer telecommunications revenue in Australia. We forecast this share will remain flat over the FY26/31 forecast period, as growth flows…

23 Sept 2026 · Digital Regulation · Explainer

Is Big Tech Weaponising AI Safety to Crush Open-Source Rivals?

: Between 2023 and 2026, the world's AI oligopoly shifted from publishing abstract ethical declarations to submitting comprehensive legislative blueprints to global policymakers. This explainer analyses the AI governance doctrines of Microsoft, OpenAI, Google, Anthropic, Meta, IBM, Amazon Web Service…

16 Sept 2026 · Telecom · Forecast

Australia Consumer Fixed Telecommunications Forecast 2026

: This report provides a comprehensive forecast and analysis of the Australian consumer fixed telecommunications market through 2031. It examines key drivers and trends across fixed broadband and voice-only services, including household penetration, ARPU dynamics, fixed wireless access growth, and sh…

8 Sept 2026 · Digital Regulation · Report

New Tax Ruling For Global Tech Giants: A Fight We Need To Have

: The Australian Taxation Office's royalty ruling TR 2026/2 marks a critical turning point for digital tax equity in Australia, addressing the long-standing tax asymmetry enjoyed by foreign tech giants. By reclassifying cloud computing, streaming, and SaaS revenues as intellectual property royalties,…

4 Sept 2026 · Media · Report

Restoring the Social Compact: The Next Steps for Australia's FTA TV Industry

: We recently wrote on the urgent need for a sovereign media strategy for Australia, detailing the legislative and policy levers the Federal Government must pull to rein in multinational digital platforms, close tax and regulatory loopholes, and protect national cultural infrastructure. The policy fa…

4 Sept 2026 · Media · Report

Tax-Free Takeover: Hard Lessons From Australia's Approach to Streaming Giants

: Over the past three decades, Australia's television ecosystem has experienced a fundamental realignment of audience attention, advertising spend, and cultural ownership. Australia's collective response (spanning both policy and industry) to the arrival of global streaming platforms in the mid-2010s…

2 Sept 2026 · Telecom · Report

FY26 ANZ Telecommunications Results: Refocus on AI Efficiency and Capital Redeployment

: This report examines the financial and strategic performance of the Australian and New Zealand telecommunications sectors in FY26. It explores how market participants are navigating a transition from traditional retail-centric competition toward advanced platform models, wholesale enablement, and i…

24 Aug 2026 · Digital Regulation · Report

ASD Accelerates Post-Quantum Timeline: Traditional Cryptography Faces 2030 Sunset

: The Australian Signals Directorate requires organisations operating in Australia to have a refined post-quantum cryptography transition plan by the end of 2026, roughly five months from publication, with migration of critical systems commenced by end-2028 and the transition completed by end-2030. T…

24 Aug 2026 · Enterprise ICT · Explainer

Quantum Cryptography Explainer: Technologies To Beat the Quantum Threat

: This report examines the accelerating threat of Cryptographically Relevant Quantum Computers and the strategic imperatives for enterprise security architectures. It is a companion to our "ASD Accelerates Post-Quantum Timeline: Traditional Cryptography Faces 2030 Sunset" report. It details the Austr…