View this in your browser. Hello, Thanks for your interest in our latest research. You can view a summary of our latest report below. Network Operator Forecast Through 2027: Mid-Year Update This forecast spreadsheet details MTN Consulting’s forecast for revenues, capex, headcount, and other metrics across three segments of network operators: telecom operators (telcos), webscale network operators (webscalers), and carrier-neutral operators (CNNOs).  Revenues from the aggregate of the three segments were $4,109 billion (B) in 2022, and will grow to $5,052B by 2027. Three segment capex ended 2022 at $559B, will step up to $577B in 2023, and will likely hit $596B in 2027. Webscale growth eased in 2022 but over the longer timeframe this sector accounts for most network operator growth. In 2011, webscale was less than 10% of capex, but had grown to 36.3% in 2022 and will be about 39% in 2027; CNNOs will represent 8% of 2027 capex, while telcos will constitute about 54%. Telco capital intensity peaked in 2022 at 18.1% amidst 5G buildouts but will end 2027 at about 16.5%. Regional variations will remain; the capex/revenue ratio for US telcos will average to 14.7% in 2023-27, for instance, while India will average 25.1%. Webscale capital intensity averages around 8% for the forecast period; a capex boom at Meta/Facebook has been a big plus in recent quarters, but... 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