(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Oct. 21, 2024 (GLOBE NEWSWIRE) -- The "Telecommunications Network Operators: 2Q24 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 140 telcos across the globe, from 1Q11 through 2Q24.
For the annualized 2Q24 period, telcos represented $1.77 trillion (T) in revenues (0.1% growth YoY), $262.9 billion (B) in labor costs (2.1% YoY), and $300.7B in capex (-6.9% YoY). They employed approximately 4.48 million people as of June 2024, down 1.2% from the prior year.
Below are the key highlights of the report:
Revenues: Telco topline declined by 1.4% year-over-year (YoY) to reach $437.8 billion (B) in the latest single quarter ending 2Q24. Revenues for the annualized 2Q24 period were up 0.1% YoY over the same period in the previous year. At the operator level, five of the top 20 best performing telcos by topline growth in 2Q24 on an annualized basis include America Movil (8.0%), STC (Saudi Telecom) (5.8%), BT (4.7%), Telefonica (3.6%), and Orange (2.9%). By the same criteria, the worst telco growth came from NTT (-5.7%), KDDI (-5.4%), SoftBank (-4.7%), Vodafone (-1.7%), and China Unicom (-1.6%) during the same period.
Capex: Capex spending plunged by 8.0% on a YoY basis to post $69.4B in the latest single quarter ending June 2024. Capex for the annualized 2Q24 period was down 6.9% YoY over the same period in the previous year. At the operator level, five of the top 20 best performing telcos by capex growth in 2Q24 on an annualized basis include BSNL (128.2%), KDDI (23.6%), Telecom Italia (9.1%), Charter Communications (7.9%), and America Movil (7.6%). By the same criteria, the worst capex growth came from Verizon (-26.0%), Reliance Jio (-22.6%), Deutsche Telekom (-20.6%), Vodafone (-14.6%), and AT&T (-13.1%) during the same period.
OPEX and labor costs: Total opex for the telecom industry in the annualized 2Q24 period stood at a slight increase of 0.4% over the same period previous year. Excluding depreciation and amortization (D&A) costs, total opex increased by 1.2% on YoY basis to record $1,172.2B in the annualized 2Q24 period. One significant element of telco opex is labor costs, which include salaries, wages, bonuses, benefits, and retirement/severance costs. Labor costs grew by 2.1% YoY in the annualized 2Q24 period, pushing labor costs as a percentage of opex (excluding D&A) slightly up from 22.2% in 2Q23 to 22.4% in 2Q24 on an annualized basis. This growth occurred despite an ongoing reduction in industry headcount; the telco workforce ended 2Q24 at 4.48 million, down 1.2% YoY.
Profitability margins: Both EBITDA and EBIT margins experienced a slight uptick in 2Q24 on an annualized basis compared to the previous quarter. Results were mixed when compared to the same period last year. Annualized EBIT margin dipped from 15.3% in 2Q23 to 15.0% in 2Q24, while the EBITDA margin for the annualized 2Q24 period stood at 34.4%, up from 33.7% in annualized 2Q23.
Regional trends: The Americas region outpaced Asia to reclaim its position as the largest region by revenue, holding a 37.3% share in 2Q24. On a capex basis though, the Asia region outspent the Americas, capturing a 36.5% share in the latest quarter. Europe retained the highest annualized capital intensity, reaching 18.4% in 2Q24, followed by MEA at 17.4%.
Key Topics Covered:
Report Highlights Summary Market snapshot Analysis Key stats through 2Q24 Labor stats Operator rankings Company drilldown Company benchmarking Country breakouts Country breakouts by company Regional breakouts Raw Data Subs & traffic Exchange rates
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 Cincinatti 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
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