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Telco Opex Analyzer, 2016-20

By Matt Walker and Arun Menon published on November 26, 2021

MTN Consulting’s Telco Opex Analyzer analyzes the opex trends of a subset of key telcos in the telecommunications sector. The report’s dashboard allows a user to dig into overall spendin... read more

Highlights from Nokia’s 2021 analyst event

By Matt Walker published on November 24, 2021

Nokia held an online forum for industry analysts last week. Over four days of presentations, the company presented a compelling case for why it will remain a top tier supplier to telcos as t... read more

Oracle Cloud rollout ramps up with Singapore opening

By Matt Walker published on November 10, 2021

Oracle announced the launch of its 33rd cloud region this week, in Singapore. It plans to expand its footprint to 44 regions by year-end 2022. Oracle has prioritized a rapid expansion across... read more

Telco NI vendor revenues trending upwards

By Matt Walker published on October 29, 2021

The purpose of this report is to provide an early view of telco network spending trends by the vendors and a short outlook based on 3Q21 earnings.... read more

Facebook leading webscale network R&D

By Matt Walker published on October 29, 2021

The webscale sector of network operators spent nearly $1 trillion on R&D in the last decade. A rising portion of that R&D has targeted innovations in how their networks are built and... read more

Telecommunications Network Operators: 2Q21 Market Review

By Arun Menon published on October 4, 2021

This market review provides a comprehensive assessment of the global telecommunications industry based on financial results through June 2021 (2Q21). The report tracks revenue, capex and emp... read more

Webscale Network Operators: 2Q21 Market Review

By Matt Walker published on October 1, 2021

Webscale revenues now $1.96 trillion over four quarters, more than telecom The step change in revenue growth for webscalers that appeared in late 2020 has continued. Year over year (YoY) ... read more

Telecom’s biggest vendors – 2Q21 edition

By Matt Walker published on September 30, 2021

What a difference a year makes. Vendor revenues in the telco network infrastructure market (telco NI) grew again in 2Q21, rising 5.1% YoY after a 10.0% jump in 1Q21. Overall for the first ha... read more

Network Spending Profile: Swisscom

By Matt Walker published on September 13, 2021

Swisscom is Switzerland’s incumbent telco, 51% owned by the Swiss government. Its telco operations are in Switzerland and Italy. In 2020, total revenues were $11.8B, up 2.7% from 2019. Swi... read more

Network operator capex to hit $591B in 2025

By Matt Walker published on August 23, 2021

Summary This commentary explains the network spending forecast update issued in August 2021, comparing it to the forecast published in December 2020 (“Network operator capex to hit $520... read more

Competitive Intelligence Briefing: Data Center Chips

By Arun Menon published on August 12, 2021

Summary The battle is getting intense in the lucrative data center chips market amid supply chain shortages and delays caused by Covid-19 pandemic. Central to this battle is the Intel-AMD... read more

Carrier-Neutral Network Operators: 4Q20 Market Review

By Matt Walker and Arun Menon published on July 17, 2021

Over the last decade, the carrier-neutral network operator (CNNO) sector has evolved into a key part of the communications industry landscape. The CNNO model has helped telcos to slim down a... read more

Tomorrow’s carrier-neutral operators to integrate tower, fiber and data center assets

By Matt Walker published on July 16, 2021

MTN Consulting segments the carrier-neutral network operator (CNNO) market into three parts based on asset focus: towers, data centers, and bandwidth (fiber). These dividing lines have alway... read more

Telecom’s biggest vendors – 1Q21 edition

By Matt Walker published on June 30, 2021

After struggling for the first three quarters of 2020, the telecom network infrastructure (telco NI) market has surged in the last two quarters. That is due to recovery from the worst of COV... read more

Webscale Network Operators: 1Q21 Market Review

By Matt Walker published on June 29, 2021

Webscale surges to $1.84 trillion in revenues, on par with the telecom sector   The webscale sector’s growth accelerated in 2020. The sudden, widespread need to work and study from home... read more

Telecommunications Network Operators: 1Q21 Market Review

By Arun Menon published on June 28, 2021

This market review provides a comprehensive assessment of the global telecommunications industry based on financial results through March 2021 (1Q21). The report tracks revenue, capex and em... read more

Telco Capex: 1Q21 Results & Outlook

By Matt Walker published on June 19, 2021

Revenues for the telecom sector saw a rebound in 1Q21, up 7.3% from 1Q20, to $473.2 billion. This is the fastest growth in at least a decade. Three factors are responsible. First, the base p... read more

Webscale Capex: 1Q21 Results & Outlook

By Matt Walker published on June 9, 2021

The webscale sector of network operators shows no signs of slowing up. After webscale network operator (WNO) revenues surged by 18% in 2020 to $1.7 trillion (T), growth accelerated in 1Q2... read more

Network Spending Profile: Etisalat

By Matt Walker published on May 25, 2021

The Emirates Telecommunications Group, better known as Etisalat, is the UAE’s largest telco group and the second largest in the MEA region. In 2020 Etisalat reported annual revenues of $14... read more

Telecommunications Network Operators: 4Q20 Market Review

By Arun Menon published on May 20, 2021

This market review provides a comprehensive assessment of the global telecommunications industry based on financial results through December 2020 (4Q20). The report tracks revenue, capex and... read more

Telecom’s biggest vendors – 4Q20 edition

By Matt Walker published on April 27, 2021

The market for telecom network infrastructure (telco NI) vendor products and services declined by a relatively modest 0.6% in 2020, surprisingly, despite widespread economic downturns relate... read more

Network Spending Profile: Orange

By Matt Walker published on April 15, 2021

Orange is one of the largest telcos in the world. As of the end of 3Q20, its global rank was 9 based upon total employees and annualized capex, and 12 if based upon annualized revenues. With... read more

Webscale Network Operators: 4Q20 Market Review

By Matt Walker published on April 8, 2021

Webscale surges to $1.71 trillion in revenues, about to overtake telecom sector The webscale market of operators continued blockbuster growth in 2020, ending the year with just over $1.71... read more

Telco Capex: 4Q20 Results & Outlook

By Matt Walker published on March 30, 2021

The global telecom industry bounced back in 4Q20 with 3.4% and 1.2% YoY growth in revenues and capex, respectively. Revenues for CY2020 declined 1.1% to $1.794 trillion. This is not exactly ... read more

Biden aims to revamp US chip & telecom prowess amid China conflict

By Matt Walker published on March 19, 2021

The November 2020 election of Joe Biden to become the 46th President of the United States is having a number of sweeping effects. The most crucial one relates to the COVID-19 pandemic: Biden... read more

LEO satellite boom: Will the ‘second coming’ endure?

By Arun Menon published on March 8, 2021

The space communications industry is in the midst of a dramatic transformation, thanks to the advent of space technology companies such as SpaceX, and OneWeb. Both these new-age operators st... read more

Network Spending Profile: Comcast

By Matt Walker published on March 2, 2021

Comcast Corporation is a global media and communications conglomerate with two divisions offering telecommunications services based upon a cable TV-centric network infrastructure. The two un... read more

Network Spending Profile: Axiata

By Matt Walker published on February 12, 2021

Axiata is a Malaysia-based multinational mobile operator with presence in 11 Asian markets. Axiata provides digital telco services to mobile, home and enterprise customers; digital financial... read more

Telecommunications Network Operators: 3Q20 Market Review

By Arun Menon published on January 29, 2021

This market review provides a comprehensive assessment of the global telecommunications industry based on financial results through September 2020 (3Q20). The report tracks revenue, capex an... read more

Telecom’s biggest vendors – 3Q20 edition

By Matt Walker published on January 15, 2021

Introduction The market for telecom network infrastructure (telco NI) vendor products and services grew in 3Q20, surprisingly, despite widespread economic downturns related to the COVID-1... read more

Network operator capex to hit $520B in 2025

By Matt Walker published on December 30, 2020

KEY FINDINGS Revenue growth for telco, webscale and carrier-neutral sector will average 1, 10, and 7% through 2025 Telecom network operator (TNO, or telco) revenues are on track for a ... read more

Visualizing World Markets, 2011-19

By Matt Walker published on October 27, 2020

The purpose of this report is to provide a compilation of demographic, economic and telecommunications statistics for a large number of countries (167) in a user-friendly format. Users simpl... read more

Intel’s Road to Redemption

By Arun Menon published on October 6, 2020

Summary After years of delay with 10nm chips, production roadblocks are again haunting Intel. The company has confirmed that its new line of server processors and chips based on 7nm proce... read more

Telco Capex: 2Q20 Results and Outlook

By Matt Walker published on October 1, 2020

Summary Webscale capex hit an all-time high in 2Q20, but the opposite happened in telecom. Telco capex in 2Q20 amounted to $65.5B, down 6.2% from the 2Q19 period. That pushed telco capex ... read more

Telecom’s biggest vendors – 2Q20 edition

By Matt Walker published on September 25, 2020

Vendors signal a weak 2H in telco market after another YoY decline in 2Q20; China boosts Huawei Vendor revenues in the telco network infrastructure (telco NI) market declined again in 2Q2... read more

Telecommunications Network Operators: 2Q20 Market Review

By Subramanian Venkatraman published on September 22, 2020

This market review provides a comprehensive assessment of the global telecommunications industry based on financial results through June 2020 (2Q20). The report tracks revenue, capex and emp... read more

Commentary: Webscale Capex in 2Q20

By Matt Walker published on September 16, 2020

Summary Economies across the globe remain ravaged by the COVID-19 pandemic, with high unemployment and steep declines in GDP. Yet webscale network operators (WNOs) reached all-time highs ... read more

Webscale Network Operators: 2Q20 Market Review

By Arun Menon published on September 11, 2020

Shrugging off COVID-19 concerns, the webscale sector witnessed yet another strong quarter in 2Q20 aided by continued investments in network infrastructure. Single-quarter revenue growth inch... read more

Building the cloud: Webscale network supply chain analyzer (2Q20 edition)

By Arun Menon published on August 28, 2020

The world's largest technology companies are investing heavily in webscale networks. These are centered around enormous webscale, also known as "hyperscale" data centers, and the web of infr... read more

CNNO Playbook: Crown Castle

By Subramanian Venkatraman published on August 17, 2020

The big three U.S. telcos (AT&T, Verizon and T-Mobile) have historically owned and operated their own towers. However, with rising debt and heavy costs involved in deploying the networks... read more

Webscale Playbook: Tencent

By Arun Menon published on August 14, 2020

Tencent’s meteoric rise into one of the leading internet businesses coincides with China’s internet boom that started at the end of 20th century. According to the ITU estimates, just ~1.... read more

Automation’s rise and the telecom engineer

By Matt Walker published on August 13, 2020

Automation is the key to telcos controlling their network engineering costs The telecommunications industry as a whole has been in “running to stand still” mode for at least a decad... read more

Telco Playbook: Jio Platforms Limited

By Subramanian Venkatraman published on August 4, 2020

Jio Platforms has come a long way since its inception. It launched its own greenfield 4G operation in late 2016 and used aggressive pricing and careful planning to go from zero subscribers t... read more

Commentary: Politics cloud Huawei’s future

By Matt Walker published on July 11, 2020

Summary Huawei held its global industry analyst summit (GAS 2020) in late May, just days after the U.S. Commerce Department expanded its Entity List restrictions on the company. The new r... read more

Telecommunications Network Operators: 1Q20 Market Review

By Subramanian Venkatraman and Matt Walker published on July 1, 2020

This market review provides a comprehensive assessment of the global telecommunications industry based on financial results through January 2020 (1Q20). The report tracks revenue, capex and ... read more

Webscale Network Operators: 1Q20 Market Review

By Arun Menon and Matt Walker published on June 30, 2020

Webscale networks are centered around immense, “hyperscale” data centers and undersea cable systems that support network traffic from the tech companies' online retail, video, and social... read more

Commentary: Webscale Capex in 1Q20

By Matt Walker published on June 25, 2020

Summary While the telco sector struggled to achieve any growth at all in the first quarter of 2020 (1Q20), the webscale network operator (WNO) sector leveraged its strong balance sheet an... read more

Commentary: Telco Capex in 1Q20

By Matt Walker published on June 20, 2020

Summary Telecom network operator (telco) capital expenditures (capex) declined by approximately 1.3% year-over-year (YoY) to $70.2 billion in the first quarter of 2020 (1Q20), not nearly ... read more

Telecom’s biggest vendors – 1Q20 edition

By Matt Walker published on June 10, 2020

Telco NI market undergoing disruption in 2020, from COVID-19, Huawei, and the webscale sector MTN Consulting has now finalized its analysis of vendor sales of network infrastructure (NI) ... read more

Carrier-Neutral Network Operators: 4Q19 Market Review

By Arun Menon and Matt Walker published on June 2, 2020

This is MTN Consulting’s comprehensive, Excel-based assessment of the Carrier-Neutral Network Operator (CNNO) market sector, including detailed financial & operational results from 201... read more

Telco software capex on the rise

By Matt Walker published on May 4, 2020

Software is central to telco efforts to compete Over the last two decades, software has become the key ingredient to delivering value in networks. That has accelerated in the last five ye... read more

The spectrum cost challenge to 5G

By Matt Walker published on April 27, 2020

Success of 5G relies heavily on affordable spectrum Telecom operators are in the midst of an expensive network upgrade to support 5G mobile communications. Buying the spectrum — the rad... read more

Telecom’s biggest vendors – 4Q19 edition

By Matt Walker published on April 17, 2020

This report is focused on technology spending by telecommunications network operators (TNOs, or telcos), covering 121 vendors from 2013-2019. Telco NI vendor revenues down 2% in 2019 I... read more

Telecommunications Network Operators: 4Q19 Market Review

By Subramanian Venkatraman and Matt Walker published on April 16, 2020

This market review provides a comprehensive assessment of the global telecommunications industry based on financial results through December 2019 (4Q19). The report tracks revenue, capex and... read more

Webscale Network Operators: 4Q19 Market Review

By Arun Menon and Matt Walker published on April 10, 2020

"Webscale networks are centered around immense, “hyperscale” data centers and undersea cable systems that support network traffic from the tech companies' online retail, video, and socia... read more

Operators facing power cost crunch

By Matt Walker published on March 27, 2020

For many years, telecommunications network operators (TNOs, or telcos) have faced slow revenue growth. Telco revenues grew 1-2% in 2017 and 2018, and declined 1.6% for the four quarters ende... read more

Building the cloud: Webscale network supply chain analyzer

By Arun Menon and Matt Walker published on March 4, 2020

MTN Consulting's "Webscale Network Supply Chain Analyzer" tracks technology spending in this sector by digging deep into the webscale-related supply chains of each operator. The Analyzer tra... read more

Bumpy road ahead for 5G transition

By Matt Walker published on February 25, 2020

Report summary Telecommunications network operators (TNOs, or telcos) have struggled for many years with flat revenues. They have faced a declining core market, yet have had to make conti... read more

Webscale Playbook: Apple

By Arun Menon and Matt Walker published on February 24, 2020

Apple has come far since its inception in 1976. It has progressed from selling user-friendly computer systems (Macintosh, iMac) and portable media players (iPod), to become a dominant force ... read more

Webscale Supply Chain Developments in 2019

By Matt Walker published on January 31, 2020

Deploying 5G will be expensive and many telcos are already short on cash. Telcos are seeking ways to benefit from the webscale sector’s scale & software expertise, while not giving up ... read more

Telecommunications Network Operators: 3Q19 Market Review

By Subramanian Venkatraman and Matt Walker published on January 13, 2020

This market review provides a comprehensive assessment of the global telecommunications industry based on financial results through September 2019 (3Q19). The report tracks revenue, capex an... read more

Webscale Network Operators: 3Q19 Market Review

By Arun Menon and Matt Walker published on January 8, 2020

"After successive slumps in capex during the first two quarters of 2019, global webscale operators loosened their purse strings somewhat in 3Q19. Capex spend grew slightly by 1% YoY in 3Q19 ... read more

Carrier-Neutral Network Operators: 2Q19 Market Review

By Arun Menon published on October 4, 2019

This is MTN Consulting’s comprehensive, Excel-based assessment of the Carrier-Neutral Network Operator (CNNO) market sector, including detailed financial & operational results from 201... read more

Webscale Playbook: Facebook

By Arun Menon and Matt Walker published on July 2, 2019

This report is the sixth in MTN Consulting’s Webscale Playbook series, which analyze the “Super 8” webscale network operators (WNOs), i.e. Alibaba, Alphabet, Amazon, Apple, Baidu, Face... read more

TNO Playbook: AT&T

By Subramanian Venkatraman published on June 18, 2019

This report is the first in MTN Consulting’s TNO Playbook series. This report was prepared as part of MTN Consulting’s Global Network Infrastructure tracker. Our GNI tracker covers three... read more

Building the cloud: Webscale network supply chain analyzer

By Matt Walker and Arun Menon published on June 3, 2019

MTN Consulting's "Webscale Network Supply Chain Analyzer" tracks technology spending in this sector by digging deep into the webscale-related supply chains of each operator. The Analyzer tra... read more

Webscale Playbook: Microsoft

By Arun Menon and Matt Walker published on March 4, 2019

This report is the fifth in MTN Consulting’s Webscale Playbook series, which analyze the “Super 8” webscale network operators (WNOs), i.e. Alibaba, Alphabet, Amazon, Apple, Baidu, Face... read more

Telecommunications Labor Market Review: Canada

By Matt Walker and Subramanian Venkatraman published on January 29, 2019

This report is the first in MTN Consulting’s “Telecommunications Labor Market Review” series. This series provides country-level analysis of labor markets in the telecommunications net... read more

Webscale Playbook: Baidu

By Arun Menon and Matt Walker published on December 14, 2018

This report is the fourth in MTN Consulting’s Webscale Playbook series, which analyze the “Super 8” webscale network operators (WNOs), i.e. Alibaba, Alphabet, Amazon, Apple, Baidu, Fac... read more

Webscale Playbook: Alphabet

By Arun Menon and Matt Walker published on December 3, 2018

This report is the third in MTN Consulting’s Webscale Playbook series, which analyze the “Super 8” webscale network operators (WNOs), i.e. Alibaba, Alphabet, Amazon, Apple, Baidu, Face... read more

Webscale Playbook: Alibaba

By Arun Menon and Matt Walker published on October 25, 2018

This report is the second in MTN Consulting’s Webscale Playbook series, which analyze the “Super 8” webscale network operators, i.e. Alibaba, Alphabet, Amazon, Apple, Baidu, Facebook, ... read more

Egypt: Network Infrastructure Overview

By Matt Walker published on October 25, 2018

This report is the first in MTN Consulting’s series of country-level network studies, focused on Egypt. The objective of this report is to assess Egypt's telecommunications market, address... read more

Webscale Playbook: Amazon

By Arun Menon and Matt Walker published on September 27, 2018

This report is the first in MTN Consulting’s Webscale Playbook series, which analyze the “Super 8” webscale network operators (WNOs), i.e. Alibaba, Alphabet, Amazon, Apple, Baidu, Face... read more