According to Research and Markets all the major developments on a global scale relate to digital media activities. To a large extent the telecoms and media industries are now being driven by the developments in this market. BuddeComm has been talking about VoIP, VoD and IPTV for many years, but the traditional companies have failed to deliver these services. As a result, developments are now moving to the web where companies such as Google/YouTube, eBay/Skype, Amazon, Yahoo, MSN, News Corp/MySpace and so on are the leaders. Current changes in this rapidly converging industry will force the telcos to spend more on IT and, as they don’t have the necessary skills in this field, more and more of this will be outsourced. This report outlines some of the key developments occurring in the industry as we move into 2008. Examples of topics covered include the emerging Femtocell technology, Vodafone’s support of WiMAX and key trends in mobile communications and mobile data sectors. The report also provides a brief overview of some of the interesting developments taking place on a regional level.