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Telecommunications Network Operators: 4Q23 Market Review
By Arun Menon published on April 12, 2024After staging a rebound in the previous quarter, single quarter revenues for telecom network operators (telcos) continued an upward march in 4Q23 by growing at a modest rate of 1.7% YoY to p... read more
Webscale Network Operators: 4Q23 Market Review
By Matt Walker published on April 8, 2024Revenues for the webscale sector floundered in 2022, but the opposite happened in 2023. In 2023, global economic growth improved, the digital ad market recovered, TikTok began to face some b... read more
LEO Satellite News Tracker: 1Q24
By Arun Menon published on March 7, 2024The LEO (Low Earth Orbit) satellite industry is rapidly evolving, with advancements in technology, new launches, regulatory changes, and market developments shaping its trajectory. Keeping t... read more
Telecom’s biggest vendors – 3Q23 edition
By Arun Menon published on January 9, 2024The Telco NI market is fueled by spending in the telecom operator (telco) sector, so the financial health and spending patterns of the telco market are worth reviewing. In 3Q23, telco capex ... read more
Telecommunications Network Operators: 3Q23 Market Review
By Arun Menon published on December 23, 2023Telco revenues staged a recovery of sorts in the latest single quarter, growing by a slender 0.3% on a YoY basis to post $437.8 billion (B) in the three-month period covered by 3Q23 (July - ... read more
Network Operator Forecast Through 2028
By Matt Walker published on December 21, 2023This forecast report presents our latest projections for the network operator market, spanning telecommunications operators (telcos), webscalers, and carrier-neutral network operators (CNNOs... read more
Telecom industry needs to up its green game
By Matt Walker published on December 8, 2023This note addresses carbon footprint trends in the telecom industry. We present data on emissions by the telecom services sector and their major suppliers in the 2020-22 period, and assess i... read more
Gen AI hype grips telecom industry as telcos unravel its potential
By Arun Menon published on November 24, 2023This brief report explores the transformative potential of generative artificial intelligence (Gen AI) in two specific telco domains. The report also discusses the in-house Gen AI developmen... read more
Webscale Network Operators: 3Q23 Market Review
By Matt Walker published on November 23, 2023This report reviews the growth and development of the webscale network operator (WNO) market since 2011. In the most recent 12 months (4Q22-3Q23), webscalers represented $2.32 trillion (T) i... read more
Capex forecast check, 3Q23: Telco spending slips
By Matt Walker published on November 15, 2023This comment provides an early review of 3Q23 market growth and spending metrics for the telecommunications operator (telco) market. MTN Consulting’s latest forecast called for $320B of te... read more
Capex forecast check, 3Q23: webscale & CNNO
By Matt Walker published on November 8, 2023This short note provides an early review of 3Q23 market growth and capex spending figures for two of the three operator segments we cover: webscale, and carrier-neutral. (Our third segment, ... read more
China’s digital silk road, Huawei, and the entity list
By Matt Walker published on October 16, 2023This brief addresses the enduring power of Huawei in the market for telecommunications network infrastructure (Telco NI). Per MTN Consulting’s latest Telco NI vendor share report, Huawei r... read more
Telecommunications Network Operators: 2Q23 Market Review
By Arun Menon published on September 27, 2023Capex declined again in the latest single quarter after managing a recovery of sorts in 1Q23. Telcos in the US, China, and Europe are moving past peak 5G capital investment levels and are lo... read more
Telecom’s biggest vendors – 2Q23 edition
By Arun Menon published on September 13, 2023The Telco NI market is fueled by spending in the telecom operator (telco) sector, so the financial health and spending patterns of the telco market are worth reviewing. The Telco NI marke... read more
Carrier-neutrals hope to ride the GenAI wave
By Matt Walker published on September 12, 2023This brief is focused on the carrier-neutral network operator (CNNO) sector. CNNOs sell independent, carrier-neutral access to network infrastructure, including bandwidth (fiber), data cente... read more
Webscale Network Operators: 2Q23 Market Review
By Matt Walker published on September 4, 2023This report reviews the growth and development of the webscale network operator (WNO) market since 2011. In the most recent 12 months (3Q22-2Q23), webscalers represented $2.28 trillion (T) i... read more
Operators fail to break energy addiction in 2022
By Matt Walker published on August 22, 2023This brief examines energy consumption in the network operator industry, spanning telcos, webscalers, and carrier-neutral operators (CNNOs). The report assesses energy consumption trends alo... read more
Network Operator Forecast Through 2027: Mid-Year Update
By Matt Walker published on July 27, 2023This forecast spreadsheet details MTN Consulting’s forecast for revenues, capex, headcount, and other metrics across three segments of network operators: telecom operators (telcos), websca... read more
Telecommunications Network Operators: 1Q23 Market Review
By Arun Menon published on July 21, 2023Telco spending staged a modest recovery of sorts in the latest single quarter after consecutive declines in the prior two quarters. Capex grew by 0.8% on a YoY basis to post $77.7B in 1Q23. ... read more
Telco network energy efficiency rising 12% per year
By Matt Walker published on July 12, 2023The group of 16 telcos included in this analysis represent over 40% of the global market, based on revenues. On a revenue basis, our data verify the well-known revenue-traffic conundrum: in ... read more
Telecom’s biggest vendors – 1Q23 edition
By Arun Menon and Matt Walker published on June 30, 2023The Telco NI market is fueled by spending in the telecom operator (telco) sector, so the financial health and spending patterns of the telco market are worth reviewing. Vendors in the Tel... read more
Telco Opex Analyzer, 2016-22
By Arun Menon published on June 13, 2023This report examines opex trends in the telecommunications network operator (TNO, or telco) market. This new edition has expanded the sample telco group coverage from 30 to 33 companies, and... read more
Webscale Network Operators: 1Q23 Market Review
By Matt Walker published on June 2, 2023This report reviews the growth and development of the webscale network operator (WNO) market. In the most recent 12 months (2Q22-1Q23), webscalers represented $2.25 trillion (T) in revenues ... read more
Vendors need green credentials to win telco business
By Matt Walker published on May 11, 2023This brief report addresses telco procurement in the context of the rising importance of environmental sustainability. It discusses how telcos are tracking the greenness of their external sp... read more
Satellite players bet on direct-to-device (D2D), IoT, and cloud for next big liftoff
By Arun Menon published on May 11, 2023This brief report explores three potential new growth markets for satellite operators who are looking to overcome intense competition, tough macro conditions, and the niche nature of their m... read more
Telcos pay 5G price: higher debt, lower margins in 2022
By Matt Walker published on May 3, 2023This brief report presents data aimed at shedding light on the following question: can telcos afford to pay for their future investment needs? The report considers debt, cash, and margin met... read more
Telecom industry downsizes further in 2022
By Matt Walker published on April 26, 2023This brief report addresses workforce trends in the telecom industry, with a focus on the telecom network operator (telco) sector. It presents data on telco sector employees over time, compa... read more
Energy costs spike 2022 opex for carrier-neutral sector
By Matt Walker published on April 20, 2023This brief presents data on energy spending by operators of cell towers, data centers, and fiber networks, and discusses the implications of the data and likely future directions. Utilities ... read more
Telecom’s biggest vendors – 4Q22 edition
By Arun Menon and Matt Walker published on April 17, 2023The Telco NI market is fueled by spending in the telecom operator (telco) sector, so the financial health and spending patterns of the telco market are worth reviewing. In 4Q22, the telco... read more
Telecommunications Network Operators: 4Q22 Market Review
By Arun Menon published on April 3, 2023Telco revenues plunged the most in more than a decade by 9.3% on a YoY basis to post $429.6 billion (B) in the latest single quarter ending 4Q22. The quarterly dip was also the fifth consecu... read more
Carrier-Neutral Network Operators: 4Q22 Market Review
By Matt Walker published on March 31, 2023This interactive spreadsheet model is a detailed financial and operational review of the carrier-neutral network operator (CNNO) market for the 2011-2022 period. This report tracks 47 CNNOs ... read more
Webscale Network Operators: 4Q22 Market Review
By Matt Walker published on March 24, 2023This report reviews the growth and development of the webscale network operator (WNO) market. In 2022, webscalers represented $2.23 trillion (T) in revenues (+4% YoY), $268 billion (B) in R&... read more
Telco NI vendor growth slips to 2% YoY in 2022
By Matt Walker published on March 16, 2023This brief provides a snapshot of preliminary 2022 results for the telco network infrastructure (Telco NI) market. It discusses demand and supply trends in Telco NI based on revenue reports ... read more
Huge capex outlays for 5G fail to drive revenues
By Matt Walker and Arun Menon published on March 9, 2023This brief presents a new data series compiled by MTN Consulting. We already publish quarterly total revenues for the global telco market. This new series provides a breakdown of revenues in... read more
Webscale capex exceeds $200 billion in 2022
By Matt Walker published on March 1, 2023This brief provides a snapshot of 4Q22 financial results for the webscale network operator (WNO) sector. Financial results for the webscale sector are available for ~85% of the market. Ba... read more
Telecommunications Network Operators: 3Q22 Market Review
By Arun Menon published on December 29, 2022Stalled revenue growth and macro pressures somewhat impacted the capex spend of telcos in the latest quarter. Telco investments declined, for the first time since 4Q20, by 5% on a YoY basis ... read more
Network Operator Forecast Through 2027
By Matt Walker published on December 16, 2022Revenues from the aggregate of our three segments – telco, webscale, and carrier-neutral – were $4,121 billion (B) in 2021, and will grow to $5,755B by 2027. Three segment capex ended 20... read more
Carrier-neutral growth slows in 2022 amid consolidation
By Matt Walker published on December 14, 2022This short note provides a brief review of the development of the carrier-neutral network operator (CNNO) market through the third quarter of 2022 (3Q22). CNNO revenues were approximately... read more
Telecom’s biggest vendors – 3Q22 edition
By Matt Walker published on December 9, 2022Early figures for the 3Q22 telco market are now available. Global telco revenues were $435.0B, down 6.6% YoY, the fourth straight decline in a row. That pushes annualized revenues to $1,821.... read more
Telco climate goals require vendor support
By Matt Walker published on December 6, 2022This brief report addresses the role of the supply chain in telco efforts to reduce their overall measured carbon footprint across Scopes 1 (direct energy), 2 (electricity purchases), and 3 ... read more
Webscale Network Operators: 3Q22 Market Review
By Matt Walker published on November 24, 2022This report reviews the growth and development of the webscale network operator (WNO) market. On an annualized (12 month) basis through 3Q22, webscalers represent $2.23 trillion (T) in reven... read more
Telco NI vendor revenue growth slows to 3% in 3Q22
By Matt Walker published on November 10, 2022This brief report provides a preliminary review of the 3Q22 vendor market for Telco Network Infrastructure. As of November 9, third quarter 2022 (3Q22) earnings results are available for ... read more
Network operator power use grew 10% in 2021
By Matt Walker published on October 25, 2022This brief examines power consumption in the network operator industry, spanning telcos, webscalers, and carrier-neutral operators (CNNOs). This is based on a bottoms-up review of sustainabi... read more
Huawei’s quest for resurgence
By Arun Menon published on October 4, 2022To rebuild its supply chain, Huawei is aspiring to build end-to-end home-grown innovation to power both its hardware- and cloud-related businesses. While its chip subsidiary, HiSilicon, desi... read more
Telecom’s biggest vendors – 2Q22 edition
By Matt Walker published on September 22, 2022Despite stalled revenue growth and macro pressures, telcos continue to go on a spending spree. For the annualized 2Q22 period, telco capex was $329.5B, while the ratio of capex to revenues (... read more
Telecommunications Network Operators: 2Q22 Market Review
By Arun Menon published on September 20, 2022This market review provides a comprehensive assessment of the global telecommunications industry based on financial results through June 2022 (2Q22). The report tracks revenue, capex and emp... read more
Data center spending surges in carrier-neutral market in 1H22
By Matt Walker published on September 15, 2022MTN Consulting tracks three segments of network operators: telco, webscale, and carrier-neutral (CNNO). The CNNO market is by far the smallest, accounting for 2.2% of 2017-21 combined operat... read more
Optics demand strong on eve of ECOC
By Matt Walker published on September 15, 2022Telco earnings reports from 2Q22 make clear that the spending climate remains strong. Capex climbed 3% YoY, pushing annualized capital intensity (capex/revenues) up further to 17.8% - the hi... read more
Webscale Network Operators: 2Q22 Market Review
By Matt Walker published on September 12, 2022This report reviews the growth and development of the webscale network operator (WNO) market. On an annualized (12 month) basis through 2Q22, webscalers represent $2.21 trillion (T) in reven... read more
Telcos lean on new tech and partnerships to drive sweeping cost efficiencies
By Arun Menon published on August 23, 2022Telcos worldwide are finally getting onboard the 5G bus, delivering high speeds with low-latency and seamless experience to enterprises and consumers. The latest connectivity standard presen... read more
Telecom’s biggest vendors – 1Q22 edition
By Matt Walker published on July 21, 2022Some of Telco NI’s recent growth is a bounce back from COVID-plagued 2020, when telco spending weakened. But more of the growth is due to high overall demand. Telcos are spending more on c... read more
Telecommunications Network Operators: 1Q22 Market Review
By Arun Menon published on June 30, 2022ABSTRACT 1Q22 RESULTS SUMMARY Telco topline plunges again After a blockbuster year which saw telcos attaining the strongest annual growth rate (5.3%) in a decade, the telco topline... read more
Network Operator Forecast Through 2026 (June 2022 update)
By Matt Walker published on June 17, 2022This network operator forecast aggregates expectations for three network operator segments: telco, webscale, and carrier-neutral (CNNO). In 2021, these three markets accounted for $4.116 tri... read more
Carrier-Neutral Network Operators: 4Q21 Market Review
By Matt Walker published on June 10, 2022This interactive spreadsheet model is a detailed financial and operational review of the carrier-neutral network operator (CNNO) market for the 2011-2021 period. This report tracks 45 CNNOs ... read more
Telco Opex Analyzer, 2016-21
By Arun Menon and Matt Walker published on June 9, 2022MTN 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
Webscale Network Operators: 1Q22 Market Review
By Matt Walker published on May 31, 2022This report reviews the growth and development of the webscale network operator (WNO) market. On an annualized (12 month) basis through 1Q22, webscalers represent $2.19 trillion (T) in reven... read more
Telcos aim for the cloud by partnering with webscale cloud providers
By Arun Menon published on May 26, 2022Telcos worldwide are deploying 5G connectivity services at a brisk pace. And with that comes the challenges of being able to monetize the new 5G-based services, ensure network operations eff... read more
Data Center Investment Tracker: 1Q22
By Matt Walker and Arun Menon published on May 23, 2022Multiple types of companies are investing heavily in data center assets. Two years ago, the data center market was already vibrant, but COVID-19 gave this a boost as enterprises accelerated ... read more
Telecom’s biggest vendors – 4Q21 edition
By Matt Walker published on April 8, 2022The telco network infrastructure (Telco NI) market had a blockbuster year in 2021. Vendor revenues in the telco vertical surged 7.8% from 2020 to end the year at $232.1 billion (B). This was... read more
Telecommunications Network Operators: 4Q21 Market Review
By Arun Menon published on April 8, 2022ABSTRACT 4Q21 RESULTS SUMMARY Final quarter decline tapers full-year topline growth to 5.3% After four growth quarters propelled by a pandemic-induced low base period, non-service ... read more
Webscale Network Operators: 4Q21 Market Review
By Matt Walker published on April 1, 2022Revenues for the webscale sector of network operators ended 2021 at $2.14 trillion. That’s up 25% from 2020, and nearly 3x the total recorded in 2011. One reason for this is a dramatic upt... read more
Telco capex jumps 10% in 2021 to hit $325B
By Matt Walker published on March 16, 2022The year 2021 was an unusual one in telecom. After a COVID-plagued 2020, telcos saw the strongest revenue growth in a decade: full-year 2021 revenues were $1,891 billion (B), up 5.5% from 20... read more
Data Center Investment Tracker: 4Q21
By Matt Walker and Arun Menon published on February 15, 2022Multiple types of companies are investing heavily in data center assets. Two years ago, the data center market was already vibrant, but COVID-19 gave this a boost as enterprises accelerated ... read more
Amazon and Microsoft power 4Q21 webscale capex
By Matt Walker published on February 8, 2022Preliminary fourth quarter earnings results from the webscale segment of network operators (WNOs) indicates a continued strong appetite for data center and cloud investment. Companies report... read more
Tencent: Tech Spending Profile
By Matt Walker published on February 4, 2022Tencent is China’s largest Internet company. It has built a huge network in China to support growth of its vast digital ecosystem of services, both those provided directly and by partners.... read more
India’s quest to conquer the 5G summit
By Arun Menon published on January 20, 2022The Indian telecom sector is amid a dramatic transformation, thanks to the advent of the fifth generation (5G) telecommunications technology. 5G has the capability to connect almost everythi... read more
Network Operator Forecast Through 2026
By Matt Walker published on December 18, 2021Global economies have recovered from the worst of last year’s pandemic, but COVID-19 has caused some long-term shifts in market dynamics. Network traffic growth rates have accelerated, new... read more
Telecommunications Network Operators: 3Q21 Market Review
By Arun Menon published on December 17, 2021ABSTRACT 3Q21 RESULTS SUMMARY Telco revenue growth unscathed but slowing down After unusually high growth in the past two quarters mainly due to a pandemic-induced low base period, ... read more
Webscale Network Operators: 3Q21 Market Review
By Matt Walker published on December 16, 2021Revenues for the webscale sector of network operators passed the $2 trillion mark in 3Q21, on an annualized basis, growing 29.1% YoY to reach $2.06T. The cloud is part of this; for the top t... read more
Telecom’s biggest vendors – 3Q21 edition
By Matt Walker published on December 13, 2021Telco markets are rising again. Vendor revenues in the telco network infrastructure (telco NI) market totaled $54.9B in 3Q21, up 5.7% YoY. Annualized telco NI revenues through 3Q21 were $225... read more
Telco Opex Analyzer, 2016-20
By Matt Walker and Arun Menon published on November 26, 2021MTN 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, 2021Nokia 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, 2021Oracle 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
Facebook leading webscale network R&D
By Matt Walker published on October 29, 2021The 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
Telco NI vendor revenues trending upwards
By Matt Walker published on October 29, 2021The 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
Telecommunications Network Operators: 2Q21 Market Review
By Arun Menon published on October 4, 2021This 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, 2021Webscale 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, 2021What 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, 2021Swisscom 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, 2021Summary 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, 2021Summary 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, 2021Over 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, 2021MTN 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, 2021After 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, 2021Webscale 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, 2021This 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, 2021Revenues 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, 2021The 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, 2021The 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, 2021This 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, 2021The 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, 2021Orange 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, 2021Webscale 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, 2021The 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, 2021The 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, 2021The 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, 2021Comcast 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, 2021Axiata 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, 2021This 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, 2021Introduction 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, 2020KEY 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, 2020The 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, 2020Summary 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, 2020Summary 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, 2020Vendors 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, 2020This 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, 2020Summary 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, 2020Shrugging 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, 2020The 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, 2020The 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, 2020Tencent’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, 2020Automation 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 Matt Walker published on August 4, 2020Jio 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, 2020Summary 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, 2020This 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, 2020Webscale 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, 2020Summary 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, 2020Summary 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, 2020Telco 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, 2020This 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, 2020Software 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, 2020Success 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, 2020This 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, 2020This 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, 2020For 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, 2020MTN 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, 2020Report 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, 2020Apple 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, 2020Deploying 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, 2020This 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, 2019This 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, 2019This 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, 2019This 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, 2019MTN 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, 2019This 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, 2019This 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, 2018This 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, 2018This 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
Egypt: Network Infrastructure Overview
By Matt Walker published on October 25, 2018This 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: Alibaba
By Arun Menon and Matt Walker published on October 25, 2018This 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
Webscale Playbook: Amazon
By Arun Menon and Matt Walker published on September 27, 2018This 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