Valuation of Service Companies with Intangible Assets

Focusing on the valuation of service companies with significant intangible assets, this thesis examines the challenges in assessing their contribution to revenue and growth. Using Deutsche Telekom as a case study, which has nearly 40% of its assets as intangibles, the research explores the telecom industry’s trends and developments. Additionally, it includes a Porter’s five forces analysis to provide a comprehensive overview of the competitive landscape within the industry, highlighting the complexities of valuing intangible assets.