Trends in wholesaler profitability

Executive summary

In a nutshell

Ovum view

Key messages

Recommendations for players

National wholesalers - innovate to reverse revenue declines

International wholesalers - volume and efficiency to increase profitability

Declining revenue and profitability? Jump to it!

Wholesale profitability compared

Revenue growth shows a mixed picture

Profitability

Limitations of the research

Analysis of major carriers

Belgacom

BT

Colt

iBasis

KPN

Level 3

Swisscom

Telefonica

TeliaSonera

Telstra

List of Tables

Table 1: National wholesale revenue growth compared

Table 2: International wholesale revenue growth compared

Table 3: Revenue and profitability growth compared

Table 4: Belgacom results 2008

Table 5: BT results 2008-09

Table 6: Colt results 2008

Table 7: iBasis results 2008

Table 8: KPN results 2008

Table 9: Level 3 results 2008

Table 10: Swisscom results 2008

Table 11: Telefonica results 2008

Table 12: TeliaSonera results 2008

Table 13: Telstra results 2007-08

List of Figures

Figure 1: Selected telcos’ group and wholesale revenue growth

Figure 2: Revenue and profitability growth compared

Figure 3: Belgacom’s changing performance between 2007 and 2008

Figure 4: BT results for financial year 2008-09

Figure 5: Colt’s changing operating margins in 2007 and 2008

Figure 6: KPN’s changing profit margins in 2007 and 2008

Figure 7: Level 3’s revenue growth rates, 2007 to 2008

Figure 8: Declining Telefonica margins between 2007 and 2008

Figure 9: Telstra performance changes between 2006-07 and 2007-08