The "Telecommunications Network Operators: 4Q23 Market Review" report has been added to ResearchAndMarkets.com's offering.

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 139 telcos across the globe, from 1Q11 through 4Q23. For the full-year 2023, telcos represented $1.77 trillion (T) in revenues (-0.7% YoY), $263.1 billion (B) in labor costs (3.0% YoY), and $315.1B in capex (-3.6% YoY). They employed approximately 4.50 million people as of December 2023, down 1.5% from the prior year.

Key highlights of the report:

Revenues: Telco topline posted a modest growth of 1.7% on a YoY basis to post $445.3 billion (B) in the latest single quarter ending 4Q23. Revenues for the full-year 2023 were $1,775.8B, down 0.7% YoY over the previous year. In the latest quarter, YoY growth in equipment revenues surpassed service revenues, mainly due to the strong year-end device sales by major telcos such as China Mobile, AT&T, and Deutsche Telekom. At the operator level, five of the top 20 best performing telcos by topline growth for the full year 2023 include America Movil (7.7%), STC (Saudi Telecom) (7.3%), Airtel (5.0%), Telefonica (4.5%), and Orange (4.3%). By the same criteria, the worst telco growth came from AT&T (5.2%), KDDI (-4.6%), SoftBank (-3.5%), NTT (-3.3%), and Verizon (-2.1%) during the same period.

Capex: Capex spending declined by 4.1% on a YoY basis to post $85.9B in the latest single quarter ending 4Q23. Capex for the full-year 2023 was $315.1B, down 3.6% YoY over the previous year. At the operator level, five of the top 20 best performing telcos by capex growth for the full year 2023 include Airtel (34.3%), Comcast (25.5%), Charter Communications (18.5%), KDDI (13.1%), and Telefonica (9.9%). By the same criteria, the worst capex growth came from SoftBank (-20.5%), Verizon (-18.7%), Deutsche Telekom (-18.7%), BT (-15.3%), and Reliance Jio (-10.8%) during the same period. Capital intensity is off the peak: it was 17.7% in 2023, from 18.3% the year prior.

Opex and labor costs: Total opex for the telecom industry in the year 2023 stood at $1,504.8B, a decrease of 1.5% over 2022. Excluding depreciation and amortization (D&A) costs, total opex declined by 1.1% on a YoY basis to record $1,169.5B in the year 2023. One significant element of telco opex is labor costs, which include salaries, wages, bonuses, benefits, and retirement/severance costs. Labor costs grew by 3.0% YoY in 2023, pushing labor costs as a percentage of opex (excluding D&A) up from 21.6% in 2022 to 22.5% in 2023.

Profitability margins: Both EBITDA and EBIT margins witnessed a slight improvement in the year 2023 when compared to 2022 - EBIT margin grew from 14.6% in 2022 to 15.3% in 2023, while EBITDA (operating) margin ended 2023 at 34.1%, as compared to 33.9% in the previous year.

Regional trends: The Americas region managed to sustain its dominance in 4Q23, with 38.0% global share of the total telco market revenues. On a capex basis though, the Asia region finally surpassed the Americas region with 39.6% of the global share in the latest quarter. Europe maintained its lead in the latest quarter as the region with the highest annualized capital intensity, reaching 18.7% in 4Q23.

Key Topics Covered:

• Report Highlights
• Summary
• Market snapshot
• Analysis
• Key stats through 4Q23
• Labor stats
• Operator rankings
• Company Deep-dive & Benchmarking
• Country breakouts
• Country breakouts by company
• Regional breakouts
• Raw Data
• Subs & traffic
• Exchange rates
• Methodology & Scope
• About the Publisher

Companies Featured

• 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
• Cincinnati 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

For more information about this report visit https://www.researchandmarkets.com/r/x2cyeu

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