全球電信業者資本投資趨勢（2022）

隨著部署超高速存取網路（FTTx、5G…）的需求日益迫切，營運商被迫繼續進行巨額投資。

本報告分析了全球電信營運商資本支出 (CapEx) 的最新趨勢，除了調查趨勢外，還涵蓋了固定電話和移動通信的整個市場和主要公司（24 個國家的 30 家公司）。資本投資（2017-2024）方面，我們也按地區比較了詳細趨勢。

• 過去五年電信業者的資本投資金額有何變化？
• 哪些地區的通訊基礎設施資本投資增幅最大？ 另外，最低是多少？
• 電信業者的收入與資本投資的比例是多少？
• 主要電信業者的資本投資趨勢如何？

目錄

第1章通訊服務收入

• 全球收入趨勢：按細分市場劃分
• 全球收入趨勢：按地區劃分

第2章資本投資金額（CapEx）

• 世界資本投資金額
• 全球資本投資呈下降趨勢
• 區域趨勢
• 全球最大的電信業者
• 資本投資與銷售額比率的變化
• EBITDA 利潤率
• 資本投資利潤

第3章主要電信業者

• 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