全球电信业者资本投资趋势（2022）

随着部署超高速存取网路（FTTx、5G…）的需求日益迫切，营运商被迫继续进行巨额投资。

本报告分析了全球电信营运商资本支出 (CapEx) 的最新趋势，除了调查趋势外，还涵盖了固定电话和移动通信的整个市场和主要公司（24 个国家的 30 家公司）。资本投资（2017-2024）方面，我们也按地区比较了详细趋势。

• 过去五年电信业者的资本投资金额有何变化？
• 哪些地区的通讯基础设施资本投资增幅最大？ 另外，最低是多少？
• 电信业者的收入与资本投资的比例是多少？
• 主要电信业者的资本投资趋势如何？

目录

第1章通讯服务收入

• 全球收入趋势：按细分市场划分
• 全球收入趋势：按地区划分

第2章资本投资金额（CapEx）

• 世界资本投资金额
• 全球资本投资呈下降趋势
• 区域趋势
• 全球最大的电信业者
• 资本投资与销售额比率的变化
• EBITDA 利润率
• 资本投资利润

第3章主要电信业者

• Comcast
• China Telecom
• Vodafone
• KT

As the need to deploy superfast access networks (FTTx, 5G...) becomes more and more pressing, telcos are having to sustain massive investments.

Based on an analysis of the global marketplace and its players (24 countries and more than 30 telcos covered), this report provides details on fixed and mobile CapEx from 2017 to 2022 and compares the different regional trends.

• What has telcos' CapEx dynamic been over the past 5 years?
• Which regions have seen the highest increase in telecoms infrastructure CapEx? And the lowest?
• What is telcos' revenue to CapEx ratio?
• What are the largest telco's CapEx trends?

Table of Contents

1. Telecom service revenu

• 1.1. Worldwide revenue trend per segment
• 1.2. Worldwide revenue trend per region

2. CapEx

• 2.1. Worldwide Capex
• 2.2. Downward CapEx trends worldwide
• 2.3. Regional trends
• 2.4. World largest telcos
• 2.5. Wide array of CapEx to sales ratios
• 2.6. EBITDA margins
• 2.7. CapEx margins

3. Select Telcos

• 3.1. Comcast
• 3.2. China Telecom
• 3.3. Vodafone
• 3.4. KT

List of Tables

1. Telecom service revenu

• Figure 1: Telecom service revenue worldwide, by segment, 2016-2026
• Figure 2: Regional distribution of telecom service revenue, in 2016-2021-2026

2. CapEx

• Figure 3: Telcos' CapEx worldwide, 2017-2022
• Figure 4: Telcos' CapEx CAGR 2017-2022 by region
• Figure 5: Regional distribution of telcos' CapEx in 2022
• Figure 6: Regional breakdown of telecom service revenues in 2022
• Figure 7: Top 30 telecom operators based on revenue in 2022
• Figure 8: Highest spending ratios amongst the world's top 30 telcos
• Figure 9: Lowest spending ratios amongst the world's top 30 telcos
• Figure 10: EBITDA margin for the world's top telcos, 2017-2022
• Figure 11: CapEx-to-sales ratio for the world's top telcos, 2017-2022

3. Select Telcos

• Figure 12: Comcast's Total customers
• Figure 13: Comcast's Mobile and Broadband ARPUs
• Figure 14: Comcast's CapEx 2016-2021
• Figure 15: Comcast's CapEx to sales ratio 2017-2022
• Figure 16: China Telecom's Total customers
• Figure 17: China Telecom's Mobile and Broadband ARPUs
• Figure 18: China Telecom's CapEx 2017-2022
• Figure 19: Structure of China Telecom's CapEx (2022)
• Figure 20: Vodafone's Total customers
• Figure 21: Vodafone's Mobile and Broadband ARPUs
• Figure 22: Vodafone's CapEx 2018-2023
• Figure 23: Vodafone's CapEx to sales ratio 2018-2023
• Figure 24: KT's Total customers

Figure 25 KT's Mobile and Broadband ARPUs

• Figure 26: KT's CapEx 2017-2022
• Figure 27: KT's CapEx to sales ratio 2017-2022