Telecom’s biggest vendors, 4Q25: Market recovery gains traction as AI reshapes demand

Telco Network Infrastructure (NI) vendor revenues reached approximately $61.8 billion in 4Q25, representing 7.2% YoY growth. For the full-year 2025, revenues rose 4.2% YoY to about $215.8 billion, confirming that the market has moved beyond the downturn seen in 2023-24. Growth was supported by selective operator investments in…