We need to talk about Capex

Benchmarking best practice in telecom capital allocation

There’s an old saying that says ‘what goes up must come down’—but this doesn’t seem to apply to capital expenditure (capex) in the telecoms industry. Global
capex levels have soared from just over US$50 billion to about US$325 billion in real terms over the past 30 years. Yet this massive investment isn’t producing the returns the industry requires. Read more by clicking on the icon.