Telecommunications Network Operators: 3Q19 Market Review
Telcos curb capex spending as global revenues decline for fifth straight quarter
By Subramanian Venkatraman and Matt Walker

This market review provides a comprehensive assessment of the global telecommunications industry based on financial results through September 2019 (3Q19). The report tracks revenue, capex and employee for 131 individual telecommunications network operators (TNOs). For a sub-group of 40 large TNOs, the report also assesses labor cost, opex and operating profit trends. Our coverage timeframe spans 1Q11-3Q19 (35 quarters). The report’s format is Excel.

Table Of Contents

  1. Abstract
  2. Market overview
  3. Single-company drilldowns
  4. Revenue and capex by country
  5. Key stats through 3Q19
  6. Operator rankings
  7. TNO-131: Revenue, capex and headcount for 131 TNOs
  8. TNO-40: Cost breakdowns for 40 large TNOs
  9. Subs & traffic
  10. Exchange rates
  11. About (including methodology)

Figure & Charts

1) TNOs: Annualized revenue ($M) and YoY growth (%), 3Q14-3Q19
2) TNOs: Annualized capex ($M) and capital intensity (%), 3Q14-3Q19
3) Labor cost/revenue (%), 2018
4) Labor cost and labor cost per employee, 2018 YoY change (%)
5) Change in annualized operating margins (YoY percentage point difference 3Q13-3Q19)
6) Local currency value vs. US$ (QoQ change)
7) Top 20 share of the market, 3Q19
8) Top 20 TNOs by total capex, 3Q19
9) Top 20 TNOs by total revenue, 3Q19
10) TNOs: YoY growth in single quarter revenues
11) TNOs: Annualized capital intensity, 3Q11-3Q19
12) TNOs: Revenue and RPE, annualized 3Q14-3Q19
13) TNOs: Capex and capital intensity (annualized), 3Q14-3Q19
14) TNOs: Total headcount trends, 3Q11-3Q19
15) TNOs: Revenue and RPE trends, 2011-18
16) TNOs: Capex and capital intensity, 2011-18 ($ Mn)
17) TNOs: Capex and capital intensity, 3Q14-3Q19 ($ Mn)
18) TNOs: Revenue and RPE trends, 3Q14-3Q19
19) Top 40 TNOs by total opex, 3Q19
20) Top 40 TNOs by labor costs, 3Q19

Coverage

Countries
Argentina Finland Japan Norway Taiwan
Australia France Kenya Oman Thailand
Austria Germany Kuwait Philippines Turkey
Bahrain Hong Kong Luxembourg Poland UAE
Brazil India Malaysia Qatar UK
Canada Indonesia Mexico Russia USA
Chile Israel Morocco South Korea
China Italy Singapore Spain
Denmark Netherlands South Africa Sweden
Egypt New Zealand Saudi Arabia Switzerland

 

Companies
A1 Telekom Austria Cincinatti Bell Hathway Cable & Datacom Limited PLDT TDS
Advanced Info Service (AIS) CK Hutchison Idea Cellular Limited Quebecor Telecommunications Tele2 AB
Altice Europe Clearwire Iliad SA Reliance Communications Limited Telecom Argentina
Altice USA Cogeco KDDI Reliance Jio Telecom Egypt
America Movil Com Hem Holding AB KPN Rogers Telecom Italia
AT&T Comcast KT Corporation Rostelecom Telefonica
Axiata Consolidated Communications Leap Wireless Safaricom Limited Telekom Malaysia Berhad
Axtel Cyfrowy Polsat LG Uplus Sasktel Telenor
Batelco DEN Networks Limited Liberty Global Shaw Communications Telia
BCE Deutsche Telekom M1 Singtel Telkom Indonesia
Bezeq Israel DirecTV Manitoba Telecom Services SITI Networks Limited Telkom SA
Bharti Airtel Limited Dish Network Maroc Telecom SK Telecom Telstra
Bouygues Telecom Dish TV India Limited Maxis Berhad Sky plc Telus
BSNL DNA Ltd. Megafon SmarTone Thaicom
BT Du MetroPCS Communications SoftBank Time Warner
Cable ONE, Inc. EE Millicom Spark New Zealand Limited Time Warner Cable
Cablevision Elisa Mobile Telesystems Sprint TPG Telecom Limited
Cellcom Israel Entel MTN Group StarHub True Corp
CenturyLink Etisalat MTNL STC (Saudi Telecom) Turk Telekom
Cequel Communications Fairpoint Communications NTT SureWest Communications Turkcell
Charter Communications Far EasTone Telecommunications Co., Ltd. Oi Swisscom Veon
China Mobile Frontier Communications Omantel Taiwan Mobile Verizon
China Telecom Globe Telecom Ooredoo Tata Communications Limited Virgin Media
China Unicom Grupo Clarin Orange Tata Teleservices Vivendi
Chunghwa Telecom Grupo Televisa PCCW TDC Vodafone
Vodafone Idea Limited Wind Tre Windstream Zain Zain KSA

Visuals

Related reports

Webscale Network Operators: 3Q19 Market Review

By Arun Menon and Matt Walker On January 8, 2020 After successive slumps in capex during the first two quarters of 2019, global webscale operators loosened their purse strings somewh... read more

Telecom’s biggest vendors – 3Q19 edition

By Matt Walker On December 20, 2019 Objective 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 indust... read more

TNO Playbook: AT&T

By Subramanian Venkatraman On June 18, 2019 This report is the first in MTN Consulting’s TNO Playbook series. This report was prepared as part of MTN Consulting’s Global Net... read more