Global Telco Market Tracker, 2Q26: Telcos step up capex without denting margins
Global telecom revenues rose 2.5% YoY to $472.5B in 2Q26. Growth moderated from 5.9% in 1Q26 and 5.7% in 4Q25 but remains above the 2023 and 2024 baselines. Service revenues (+3.6%) continued to drive the increase, while equipment revenues declined 7.9% as…
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