Best TMT sector stocks 2023: Aferian, Tern plc, Concurrent Technologies, itim Group, Pennant, Cerillion

Technology, Media and Telecom News

The Technology, Media and Telecom (TMT) sector is one of the most thriving and rapidly evolving sectors. This article showcases a selection of Technology, Media and Telcom stocks that are at the forefront of TMT sector trends and provide quality investment opportunities at attractive prices.

We’ve collated a mix of our exclusive interviews with the CEOs of LSE listed companies, Concurrent Technologies, itim Group, Aferian, Cerillion and Pennant International to provide insights into their recent corporate developments and outlook.

Concurrent Technologies plc (LON:CNC) designs and manufactures a range of computing products for use in critical embedded applications.

itim Group plc (LON:ITIM) is a SaaS-based technology company that enables store-based retailers to optimise their businesses to improve financial performance and effectively compete with online competitors.

Pennant International Group plc (LON:PEN) operates worldwide providing solutions, services and support to the Defence, Aerospace and safety critical industries across the globe, offering a turn-key solution for any requirement.

Aferian plc (LON:AFRN) is a new breed of media tech business, focused on enabling operators to meet the challenge of the rapidly converging worlds of broadcast and next-generation streaming services.

Tern plc (LON:TERN) Device Authority’s largest shareholder, with 53.8% of the equity, is an AIM-listed provider of venture capital to exciting IoT innovators seeking scale and market share. They provide its investors with a unique opportunity to capitalise on the rapid growth of IoT having developed a portfolio that has delivered solid NAV growth since set up in 2013.

Cerillion plc (LON:CER) provides telecom software solutions and enterprise cloud solutions. It has established a reputation within the global telecoms market for being a leading supplier of carrier-grade, enterprise billing and CRM software, supporting fixed wire, mobile, broadband and TV communications service providers.

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Tern Plc cuts Board pay and introduces shareholder distribution policy

Tern has announced a 50% reduction in fixed remuneration for its Board and executive management from 1 November 2025, expected to save around £153,000 annually. The company has also introduced a new policy linking management pay to investment exits and committed to distributing at least 50% of net proceeds from disposals over £1 million to shareholders, subject to reserves and regulatory requirements.

Tern Plc launches £642k Open Offer at 0.50p per share

Tern Plc has announced an Open Offer to raise up to £642,486 through the issue of 128.5 million new shares at 0.50p each, a 20% discount to the recent market price.

itim Group reports resilient H1 2025 with strong recurring revenue

itim Group plc announced interim results for the six months to 30 June 2025, reporting revenues of £8.0m and annual recurring revenue of £13.3m, representing 83% of total sales.

Cerillion recognised as Major Player in IDC MarketScape 2025

Cerillion has been named a Major Player in the IDC MarketScape: Worldwide Customer Experience Platforms for Telecommunications 2025 Vendor Assessment.

itim Group appoints Christopher Brook-Carter as Non-Executive Director

itim has appointed Christopher Brook-Carter to its Board as a Non-Executive Director with immediate effect. With extensive experience in media, retail intelligence, and digital transformation, Brook-Carter is expected to support itim’s strategic growth and shareholder value objectives.

Cerillion secures £17.3m follow-on contracts with major European customer

Cerillion has signed two agreements worth a combined £17.3 million with an existing European customer, following an £8 million services contract announced in May 2025.

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