Telecommunications Network Operators: 2Q20 Market Review
Capex drops to 10-year low, revenues sink amidst spread of COVID-19 pandemic
By Subramanian Venkatraman

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 employee for 138 individual telecommunications network operators (TNOs). For a sub-group of 50 large TNOs, the report also assesses labor cost, opex and operating profit trends. Our coverage timeframe spans 1Q11-2Q20 (38 quarters). The report’s format is Excel.

Table Of Contents

  1. Abstract
  2. Market snapshot
  3. Analysis
  4. Key stats through 2Q20
  5. Operator rankings
  6. Company Drilldown & Benchmarking
  7. Country breakouts
  8. Regional breakouts
  9. Raw Data
  10. Subs & traffic
  11. Exchange rates
  12. Methodology & Scope
  13. About

Figure & Charts

1) TNOs: Annualized revenue ($M) and YoY growth (%), 2Q15-2Q20

2) TNOs: Annualized capex ($M) and capital intensity (%), 2Q15-2Q20

3) Labor cost/revenue (%), 2019

4) Labor cost and labor cost per employee, 2019 YoY change (%)

5) Change in annualized operating margins (YoY percentage point difference 2Q15-2Q20)

6) Local currency value vs. US$ (QoQ change)

7) Top 20 share of the market, 2Q20

8) Top 20 TNOs by total capex, 2Q20

9) Top 20 TNOs by total revenue, 2Q20

10) TNOs: YoY growth in single quarter revenues

11) TNOs: Annualized capital intensity, 2Q15-2Q20

12) TNOs: Revenue and RPE, annualized 2Q15-2Q20

13) TNOs: Capex and capital intensity (annualized), 2Q15-2Q20

14) TNOs: Total headcount trends, 2Q15-2Q20

15) TNOs: Revenue and RPE trends, 2011-19

16) TNOs: Capex and capital intensity, 2011-19 ($ Mn)

17) TNOs: Capex and capital intensity, 2Q15-2Q20 ($ Mn)

18) TNOs: Revenue and RPE trends, 2Q15-2Q20

19) Top 50 TNOs by total opex, 2Q20

20) Top 50 TNOs by labor costs, 2Q20

21) TNOs: Software as % of total capex

22) TNOs: Software & spectrum spend

23) TNOs: Total M&A, spectrum and capex (excl. spectrum)

24) Top 50 TNOs by total debt: 2011-19

25) Top 50 TNOs by total net debt: 2011-19

26) Top 50 TNOs by long term debt: 2011-19

27) Top 50 TNOs by short term debt: 2011-19

28) Top 50 TNOs by total cash and short term investments ($M): 2011-19


Operator coverage:

A1 Telekom Austria Advanced Info Service (AIS) Airtel Altice Europe Altice USA America Movil AT&T Axiata Axtel Batelco
BCE Bezeq Israel Bouygues Telecom BSNL BT Cable ONE, Inc. Cablevision Cell C Cellcom Israel CenturyLink
Cequel Communications Charter Communications China Broadcasting Network China Mobile China Telecom China Unicom Chunghwa Telecom Cincinatti Bell CK Hutchison Clearwire
Cogeco Com Hem Holding AB Comcast Consolidated Communications Cyfrowy Polsat DEN Networks Limited Deutsche Telekom Digi Communications DirecTV Dish Network
Dish TV India Limited DNA Ltd. Du EE Elisa Entel Etisalat Fairpoint Communications Far EasTone Telecommunications Co., Ltd. Frontier Communications
Globe Telecom Grupo Clarin Grupo Televisa Hathway Cable & Datacom Limited Idea Cellular Limited Iliad SA KDDI KPN KT Leap Wireless
LG Uplus Liberty Global M1 Manitoba Telecom Services Maroc Telecom Maxis Berhad Megafon MetroPCS Communications Millicom Mobile Telesystems
MTN Group MTNL NTT Oi Omantel Ono Ooredoo Orange PCCW PLDT
Proximus Quebecor Telecommunications Rakuten Reliance Communications Limited Reliance Jio Rogers Rostelecom Safaricom Limited Sasktel Shaw
Singtel SITI Networks Limited SK Telecom Sky plc SmarTone SoftBank Spark New Zealand Limited Sprint StarHub STC (Saudi Telecom)
SureWest Communications Swisscom Taiwan Mobile Tata Communications Tata Teleservices TDC TDS Tele2 AB Telecom Argentina Telecom Egypt
Telecom Italia Telefonica Telekom Malaysia Berhad Telenor Telia Telkom Indonesia Telkom SA Telstra Telus Thaicom
Time Warner Time Warner Cable TPG Telecom Limited True Corp Turk Telekom Turkcell Veon Verizon Virgin Media Vivendi
Vodafone Vodafone Idea Limited VodafoneZiggo Wind Tre Windstream Zain Zain KSA Ziggo


Regional coverage:

Asia Americas Europe MEA