Telecom Network Operators: 3Q22 Market Review

Telecom Network Operators: 3Q22 Market Review

Telco investments declined, for the first time since 4Q20, by 5% on a YoY basis to post $77B in 3Q22. The decline in the latest quarter also knocked down annualized capex a bit, to $325.7B in 3Q22. Due to multiple quarters of strong capex spend, annualized capital intensity reached a new all-time high of 17.9% in 3Q22. A few countries are just starting to deploy 5G, notably India; many more continue to scale up 5G to reach mass market coverage, and deploy fiber to support fixed broadband and to connect all the new radio infra (including small cells) needed for 5G. There is also a growing number of stand-alone 5G core networks, which is helping the cloud providers improve their penetration into the telco sector.

This interactive Excel report provides a comprehensive assessment of the global telecommunications industry based on financial results through September 2022 (3Q22). The report tracks revenue, capex and employee for 139 individual telecommunications network operators (TNOs). For a sub-group of 79 large TNOs, the report also assesses labor cost, opex and operating profit trends. The report also covers annual data for other financial metrics such as debt, cash & short term investments, M&A spend and cash flow from operations for all the 79 companies from the TNO-79 subset. Our coverage timeframe spans 1Q11-3Q22 (47 quarters).

The report’s format is Excel.