Capex: AI hype boosts capex to $450 billion over 12 months Webscale technology spending continues to surge. R&D rose nearly 16% YoY, reaching a record share of revenues, driven heavily by Meta, whose quarterly R&D topped $15B (+35% YoY). Across the sector, R&D is increasingly concentrated in AI. Cap ...

This report delivers a detailed analysis of the global telecommunications network operator (telco) industry, drilling down into performance for 140 telcos from 1Q11 through 2Q25. It captures revenue, labor, capex, opex, and profitability data with a focus on the most recent quarter (2Q25). Key findi ...

This report provides a detailed assessment of energy usage and sustainability in the telecommunications industry. We analyze energy consumption, renewable use, and emissions for 66 telcos representing about 85% of the global market. We examine the global industry and present metrics on usage, effici ...

"The AI revolution is here, but its engine is running on an unprecedented amount of power. As artificial intelligence explodes into the mainstream in 2025, the focus intensifies on the energy-hungry data centers that power it. This report, “Energy & Sustainability Tracker: Webscale & AI Comp ...

Capex: AI Hype Sends Spending Soaring Capex skyrocketed 77.0% YoY in 2Q25 to $121.5B, annualizing to $400.3B, up 72% from a year ago and setting another all-time high. The AI frenzy, sparked by ChatGPT and fanned by investors, is now a dominant force. A review of the latest (2Q25) earnings calls fro ...

The goal of this report series is to equip telecom industry decision-makers with a comprehensive view of spending trends and vendor market power in their industry. To do this we assess technology vendors’ revenues in the telecom vertical, across a wide range of company types and technology segments. ...

Capex: AI Hype Sends Spending Soaring Capex skyrocketed 67.2% YoY in 1Q25 to $96.6B, annualizing to $343B, up 65% from a year ago and setting another all-time high. The AI frenzy, sparked by ChatGPT and fanned by investors, is now a dominant force. GPU spend is through the roof. US webscalers are sp ...

This report delivers a detailed financial and operational snapshot of 140 telecommunications network operators (telcos) worldwide, tracking performance from 1Q11 through 4Q24. It captures revenue, labor, capex, opex, and profitability data with a focus on the most recent quarter and full-year 2024 r ...

This brief outlines the strategic initiatives, innovations, and milestones showcased at the International Quantum Communication Conclave 2025 that are steering India’s progress toward future-ready quantum networks. India is fast emerging as a significant player in the global race toward secure, quan ...

This brief examines the near-term outlook for telecom capital expenditures (capex) in India, based on the 1Q25 earnings of key operators: Airtel, BSNL, Jio Platforms, and Vodafone Idea (Vi). It analyzes how current spending patterns compare with previous forecasts, highlights the main forces shaping ...

This brief examines the near-term outlook for telecom capital expenditures (capex) in the US, based on the 1Q25 earnings of key operators, including AT&T, Verizon, Charter, Comcast, T-Mobile (DT), Lumen, Frontier, and more. It analyzes how current spending patterns compare with previous forecasts, h ...

This report reviews the growth and development of the carrier-neutral network operator (CNNO) market. The report tracks a wide range of financial stats for 47 CNNOs across the globe, from 1Q11 through 4Q24. For the full-year 2024, the companies covered by this study represented $106.7 billion (B) in ...

The goal of this report series is to equip telecom industry decision-makers with a comprehensive view of spending trends and vendor market power in their industry. To do this we assess technology vendors’ revenues in the telecom vertical, across a wide range of company types and technology segments. ...

This report reviews the growth and development of the webscale network operator (webscale, aka hyperscale) market since 2011. The webscale market consists of big tech providers building large networks of data centers as part of their operations. Our webscale tracker covers 22 companies. Coreweave is ...

In late 2023, MTN Consulting published an initial review of the relationship between traffic growth and energy consumption in telco networks. That review included data for 16 telcos, and focused on 2020-22 data. This updated analysis extends coverage to 30 telcos, and adds two years (2019 and 2023) ...

The goal of this report series is to equip telecom industry decision-makers with a comprehensive view of spending trends and vendor market power in their industry. To do this we assess technology vendors’ revenues in the telecom vertical, across a wide range of company types and technology segments. ...

"This report provides a deep dive into telco opex trends by category from 2016 to 2023, analyzing data from 32 companies across key regions. Managing opex wisely is essential for telcos to thrive and grow profitability: in 2023, global telco revenues fell 0.5% YoY to $1,778.1B. That marks a decade-l ...

This brief report addresses energy consumption, use of renewables, and carbon emissions among key vendors to the telecommunications operator (telco) sector. MTN Consulting views climate change as an urgent crisis that is being ignored by too many of the world’s wealthiest countries & companies. This ...

"This report reviews the growth and development of the telecommunications network operator (TNO, or telco) market. The report tracks a wide range of financial stats for 140 telcos across the globe, from 1Q11 through 3Q24. For the annualized 3Q24 period, telcos represented $1.77 trillion (T) in reven ...

"This report reviews the growth and development of the webscale network operator (WNO, or webscale) market since 2011. It covers 21 companies. In the most recent 12 months (4Q23-3Q24), webscalers represented $2.53 trillion (T) in revenues (+9.1% YoY), $307 billion (B) in R&D spending (+6.5% YoY), an ...

This forecast presents our latest projections for the network operator market, spanning telecommunications operators (telcos), webscalers, and carrier-neutral network operators (CNNOs). The forecast is based on our quarterly coverage of over 175 operators, and reflects market realities through the e ...

This short report is focused on the energy consumption and environmental policies of the world’s network operators. It presents data on energy demand, use of renewables, emissions, and energy efficiency efforts. This is an update of a report published in 2023 with new data and new analysis. The worl ...

This vendor profile provides a brief introduction to QNu Labs Private Limited (also referred to as QuNu Labs). QNu Labs, an Indian quantum technology leader headquartered in Bengaluru, specializes in quantum-secure data protection. Leveraging its hybrid approach combining Quantum Key Distribution (Q ...

Driving India’s telecom revolution: Key imperatives from IMC 2024 IMC 2024 highlights homegrown infrastructure push, quantum advances, AI innovations, semiconductor ecosystem development, and the roadmap to 6G This brief highlights key strategic imperatives from India Mobile Congress (IMC) 2024. The ...

Telecom’s biggest vendors – 2Q24 edition Vendor market decline moderates to 3.4% in 2Q24 as Huawei's recovery gains momentum; cautious optimism for 2H24 growth The goal of this report series is to equip telecom industry decision-makers with a comprehensive view of spending trends and vendor market p ...