View this in your browser. Hello, Thanks for your interest in our latest research. You can view a summary of our latest report below. Telecom’s biggest vendors - 3Q22 edition Early 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 $1,821.6B, down 4% from 3Q21. Capex, the main driver for the Telco NI market, was $77.1B in 3Q22, down 5.0% YoY. Annualized capex, though, remained in the $325-330B range for the fourth straight quarter, and capital intensity reached a new all-time high of 17.9% in 3Q22. Along with telco capex, vendor revenues in Telco NI have also been rising since COVID ebbed. On a single quarter basis, Telco NI revenues have increased YoY for each of the last 8 quarters. In 3Q22, Telco NI revenues grew by 2.0% YoY, to $58.9B; annualized revenues for 3Q22 grew 4.5% from the 3Q21 period, to hit $238.6B, the highest total since our database began in 1Q13... Read more To see our most recently published reports, click here Best regards, Matt Walker Chief Analyst If you'd rather not receive future emails from MTN Consulting, unsubscribe by clicking the link below. Unsubscribe | Manage your subscription