Second quarter results are now in from most of the leading telecom service providers & technology providers, reports Telegeography. Though results aren’t very impressive; they aren’t bad either.
Let’s sum up main highlights of report:
- The top ten telecoms equipment vendors saw revenues climb 4% compared to Q1, reaching USD63 billion. The growth is impressive as compared to Q1, though quarterly revenue is still 6% down from a year ago.
- The top 15 service providers saw their aggregate Q2 revenue climb up by a fraction of one percent relative to Q1, reaching US$231billion.
- On service provider side, all three Japanese companies dropped a place due to exchange rate movements, which allowed Verizon to take No.2 spot, while AT&T leading the chart.
- Among equipment vendors, LG has shown strong growth and moved upto number eight in ranking. It has swapped the place with Japan’s NEC which is now ranked 10th.
The most interesting part of the story is that, except Vodafone & China Mobile, no other service provider operates in emerging markets such as India & China. Still, 80% of revenue is coming from developed nations for majority of service provider operating in domestic developed markets. Perhaps, we would get to see Bharti-MTN in the league (if deal goes through) soon, but till then we would continue to see same names in the list. One reason, cited could be the rise of data & broadband, which accounts as much as 40% of the total revenue for some of the service providers (NTT). Until the widespread adaptation of NGN & Mobile Broadband by India & China, we would less likely to see any changes soon, except the rise of China Mobile in tally.