The telecom industry will take until 2023 before its revenue exceeds that for 2019, according to Analysys Mason, with 2021 revenue growth of about one percent.
The industry will see a US$43 billion fall in 2020 revenue, a 2.7 percent drop, driven by lower mobile roaming revenues, business services and prepaid mobility.
“One third of this will be recouped in 2021,” said Stephen Sale, Analysys Mason research director for consumer services.
The company sees no significant revenue from 5G in 2021. “It’s not a game changer for consumers,” he said.
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