Telecoms capex: worldwide trends and forecasts 2017–2027

29 June 2021 | Research

Caroline Gabriel

Forecast report | PPTX and PDF (27 slides); Excel | Operator Investment Strategies

"Telecoms capex will be 20% lower in 2027 than in 2019, despite new investments made by non-traditional operators."


This report provides forecasts for capex for established and new telecoms operators and infrastructure providers between 2017 and 2027. It provides a detailed breakdown of capex by region, network technology and category. It also analyses the spending patterns and priorities of 10 different operator types including converged, mobile-only, wholesale, B2B and hyperscale providers.

This report answers the following questions.

  • What do we expect the trends in telecoms capex to be between 2017 and 2027 and what are the drivers for investment?
  • For which technologies or architecture will operator spending grow, and for which will spending decline?
  • How will operators’ different business models affect their approaches to investment, and will some shift budgets more heavily towards opex?
  • How much capital spending will be made by non-traditional operators, by wholesale providers, and by cloud or enterprise co-investors?
  • How will new digital architecture affect capex during the 2020s?

Geographical coverage

  • Worldwide
  • Central and Eastern Europe (CEE)
  • Developed Asia–Pacific (DVAP)
  • Emerging Asia–Pacific (EMAP)
  • Latin America (LATAM)


  • Middle East and North Africa (MENA)
  • North America (NA)
  • Sub-Saharan Africa (SSA)
  • Western Europe (WE)
  • China

Operator types

  • Cable (developed and emerging markets)
  • Integrated (developed and emerging markets)
  • Mobile-first (developed and emerging markets)


  • B2B
  • Hyperscale
  • Wholesale
  • New-entrant mobile network


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