Product Type: Market Research Report
Published by: Ovum Plc
Published: April 2008
Product Code: R464-757Description As the euro appreciated 8.3% versus the US dollar in 2007, telecom revenues for 52 carriers grew (in US dollars) at a faster 15% pace to $504 billion, net income grew 31% to attain an average net margin of 13.2%, and operating cash flow (OCF, or revenues less opex less capex) held steady at a bit over 20% of revenues. OCF’s stability was aided by capex, which rose by just 13.5%. Operators in the Middle East, Africa, and CIS markets retain above-average net margins and OCF.
Table of Contents - 2007 results
- Growth in profits and cash flow outpaces revenue
- Largest five INOs remain around half of the market
- Subregional financials vary with competition, saturation, and build-out cycles
- Capital intensity converging among subregions
- The bottom line
- Emerging markets offer attractive growth but the big money still resides with the INOs
- Table of figures
- Figure 1 EMEA telco financial results, 2005-07
- Figure 2 Largest 5 INOs’ share of the EMEA market, 2007
- Figure 3 Revenues and profit margins for EMEA’s largest 25 SPs in 2007
- Figure 4 EMEA telcos’ capital intensity ratios by subregion, 2005-07
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