17 Apr 2023
2M23 telecom industry continued to be driven by new business, especially Cloud computing. Steady 5G user penetration growth for big three telcos while CT has the highest 5G penetration rate. 5G buildout cycle has already peaked, structural change in capex spending is on the way. Capex focus switch to computing network buildout for Cloud and IDC usage. Cloud business revenue has more than double for three telcos in 2022, expect CT remains the leader in Cloud business segment. CT remains the leader in terms of the number of IDC cabinets.