Employee costs in Europe held steady as a share of revenue in 2025, while further workforce reductions are expected in the short term. Staff...
Net spending continued to rise in most regions in 1H 2026. Reported opex excluding special factors fell by 2% in Europe between 1H 2025 and 1H 2026,...
Cumulative recurring opex for the seven largest North American operators rose by 3.3% to USD284 billion in 2025, and continued to grow in 1H 2026....
Cumulative opex across eight operators in developed Asia–Pacific rose by 1.8% between 2024 and 2025. However, opex intensity still improved by...
Telecoms capex is decreasing, but unlike with other periods of decline, we do not expect a cyclical rebound any time this decade. Our new forecast...
Employee-related productivity was broadly stable in the telecoms industry between 2023 and 2025. However, most operators accelerated their workforce...
Hyperscaler capex was less than half that of telecoms 5 years ago, but it is now over three times greater. Are big tech businesses facing the same...
Towercos must shift from expansion to efficiency, while safeguarding their financial performance. Workforce reduction is one of the most common...
Towercos are shifting their focus from rapid expansion to the development of an efficient operating model for the long term. This report provides a...
Operators have long fixated on EBITDA margins, and this shows no sign of abating. However, this focus may be working against the long-term interests...
