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REDWOOD CITY, Calif. – September 30, 2021 – According to a recently published report from Dell’Oro Group, the trusted source for market information about the telecommunications, networks, and data center IT industries, preliminary readings suggest that worldwide telecom capex—the sum of wireless and wireline telecom investments—increased 3 percent year-over-year in nominal USD terms and remain on track to advance 5 percent to 10 percent in 2021, confirming the positive momentum and the growth projections we have previously communicated with the telecom equipment programs.

“Even with some decoupling taking place between capex and equipment revenue growth trends in the first half, we expect the relationship to remain significant going forward,” said Stefan Pongratz, Vice President with the Dell’Oro Group. “More importantly, healthy end-user fundamental combined with the competitive dynamics and improving carrier revenue trends is spurring operators to ramp investments in multiple technologies and regions,” continued Pongratz.

Additional highlights from the September 2021 3-year Telecom Capex Forecast:

  • Total telecom capex projections have been revised upward—carrier capex is expected to advance at a 3 percent CAGR between 2020 and 2023, underpinned by strong growth in 2021.
  • The upward capex revision is primarily driven by the improved investment outlook in the US wireless market.
  • Even with the elevated 5G BTS baseline in China, total capex remains on track to advance at a double-digit rate in nominal USD terms in 2021, predicated on the assumption that the second half will account for 60 percent to 65 percent of the full-year capex in China.

About the Report

The Dell’Oro Group Telecom Capex Report provides in-depth coverage of more than 50 telecom operators highlighting carrier revenue, capital expenditure, and capital intensity trends.  The report provides actual and 3-year forecast details by carrier, by region by country (United States, Canada, China, India, Japan, and South Korea), and by technology (wireless/wireline).  To purchase this report, please contact by email at dgsales@delloro.com.

About Dell’Oro Group

Dell’Oro Group is a market research firm that specializes in strategic competitive analysis in the telecommunications, networks, and data center IT markets.  Our firm provides in-depth quantitative data and qualitative analysis to facilitate critical, fact-based business decisions.  For more information, please contact Dell’Oro Group at +1.650.622.9400 or visit www.delloro.com.

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