About Us

What we do

MTN Consulting, LLC is an independent industry analyst firm founded in 2017. Our mission is to provide best-in-class data, insight, and strategic support to network operators and their suppliers.

We provide our subscription clients with an ongoing flow of market intelligence throughout the year. Reports address network infrastructure market and technology trends, key players, and country dynamics. We also provide subscribers with customized support through our inquiry service and ad-hoc consulting projects.

MTN Consulting takes the objectivity of its analysis seriously. We don’t say something publicly if we don’t believe it. As such, we avoid sponsored webinars and white papers, and you won’t see us in a vendor press release saying how nicely positioned the vendor’s gear is. We form our own opinions. We ground our analysis with quantitative evidence, based on publicly reported & audited data. We avoid relying on non-public data from companies that could be customers. This ultimately improves the quality and credibility of our client support.

Who we are

Chief Analyst & CEO

MTN Consulting was founded in 2017 by Matt Walker, a telecom analyst with 20+ years of experience in the industry. Matt is a recognized expert in the areas of telco/cloud strategy & finance; technology vendors; network and IT capex/opex; and industry M&A.

Throughout his career, Matt’s primary focus has been network costs (capex & opex) – starting with a 2-year stint building local loop cost models in the late 1990s. That was followed by 9 years as a broadband/optical analyst, and 9 years as the primary capex/opex/finance analyst for a large analyst firm.

Now based in Arizona, Matt has both a global perspective & practical international experience. While living in Thailand from 2001-12, he logged dozens of trips to China, Japan, India, Taiwan and other regional markets, working with most Asian technology companies in the telecom/IT space. Huawei is a company Matt knows especially well; he has tracked it closely since 1999. Asia is consequently a major focus of MTN Consulting’s work.

Matt has an MS in Public Policy Analysis & Economics (University of Rochester; 1995), and a BA in Political Science (UR, 1994).

Personal: married with two daughters.

Principal Analyst

Subramanian Venkatraman (Subbu) is a Principal Analyst with 10+ years of experience in the industry. He has strong knowledge in areas such as operator strategy & capex/opex and M&A in the TMT space. At MTN Consulting, he conducts quantitative and qualitative research on the networking market’s entire supply chain – from operators and equipment manufacturers to chips and components.

Subbu’s areas of focus include new and emerging transformative technologies, such as NFV/SDN, IoT and 5G. He tracks the TNO (telecom network operator) segment, and specializes in labor market trends, M&A trends and operator performance.

Prior to joining MTN Consulting, Subbu was a Telecom Lead Analyst for a global analyst firm. He worked on various consulting projects including strategic assessments, revenue, cost and profitability modeling, vendor- and service-line deep dives, assessment of service provider pricing strategies, and overall market analysis.

Subbu holds an MBA in Marketing & Finance and a BSc in Computers. He lives with his wife and 4-year old son in Hyderabad, India. He is an avid cricket fan and loves to play tennis.

Lead Analyst

Arun Menon is a Lead Analyst at MTN Consulting with 10+ years of experience. At MTN Consulting, he tracks the network-related strategy, key investments, and spending pursuits (such as OPEX, CAPEX, R&D, etc.) of leading network operators. Arun provides critical insights and analysis in areas such as strategic, financial, competitive, and market assessments.

Arun also contributes to MTN Consulting’s quarterly WNO Market Landscape tracker, which includes market analysis, spending assessments, and financial KPI benchmarking.

Prior to joining MTN Consulting, Arun was an Assistant Manager at Deloitte where he spent 6+ years working on diverse projects including strategic briefs, competitive assessment, financial and benchmarking analysis, issue-based analysis, and thought leadership/white paper reports.

Arun holds an MBA in Marketing & Finance, and is a BBA graduate. He lives with his wife in Hyderabad, India. He is a fitness buff and a motorbike enthusiast, and loves travelling.

Contributing Analyst

Saad Asif is a Contributing Analyst for MTN Consulting and a recognized industry expert in wireless communications. He has worked in the field of telecommunication for over 21 years, and has authored three books and multiple peer-reviewed technical papers. Saad has been granted multiple patents and is a senior member of the IEEE.

Contributing Writer

Melvin Bankhead III is the founder of MB Ink Media Relations, a boutique public relations firm based in Buffalo, New York. An experienced journalist, he is a former syndicated columnist for Cox Media Group, and a former editor at The Buffalo News.

For more information on Melvin, see his LinkedIn profile.


We are currently looking for both freelance consulting & full-time analyst staff.  The need is for seasoned industry experts able to support both market research and ad-hoc strategic consulting projects.  Preferred locations: Japan, Taiwan, or Europe.

The ideal candidate possesses:

  • Strong knowledge of communications network infrastructure (HW&SW) deployment trends; data centers, 4G/5G RAN, and FTTx are highest priority.
  • Excellent writing & presentation skills
  • MBA or comparable job experience

Please send CV and cover letter for more info