Telecom operator (telco) network spending is growing again, based on preliminary reports from the vendor side.
Most key suppliers of telco network infrastructure (Telco NI) have announced third quarter results already, as of November 8. We have tracked 68 vendors’ results, amounting to about 85% of market revenues. The most significant company to not yet report is Cisco. For those reporting, top-line revenue growth was 1.5% year-over-year (YoY) in Q319, a bit up from +0.4% the previous quarter. Results include some glimmers of hope for 5G’s emergence, and signs that telcos are building out their fiber networks to get ready for 5G, but total market revenues are constrained.
