Summary
The world's 19 largest telecom operators posted a combined year-on-year revenue increase in the third quarter of 2022, even as quarterly revenue slipped slightly from the prior period, with four operators achieving double-digit growth. India's Reliance Jio and Bharti Airtel led the pack by a wide margin, both driven primarily by tariff increases across their subscriber bases rather than pure volume growth.
China Mobile, the world's largest telco by subscriber count, added the highest volume of net new revenue in the quarter, with its 5G subscriber base now accounting for a majority share of its total customers and enterprise-focused 5G projects contributing meaningfully to growth. Telefonica delivered a standout performance of its own, with its Brazil and Hispanoamerica units together accounting for the bulk of its net revenue addition. SoftBank, meanwhile, posted its strongest quarter-on-quarter revenue change in over a year.
Beyond top-line figures, EBITDA performance, capital expenditure trends, and subscriber and average revenue per user patterns round out the picture, alongside major partnerships and announcements shaping competitive positioning among the world's largest carriers.
- Operator-by-operator revenue growth figures across all 19 global telcos tracked
- How rising 5G investment is driving the majority of operators' capital expenditure increases
Telecom investors and strategy teams will find a comprehensive quarterly scorecard for the industry's largest global players.
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