Telecom companies reported a mixed set of revenues as the companies swung to profitability then witnessed a sharp decline in the revenue. Some of the companies such as Vodafone, Virgin, GiffGaff, Tesco, among others experienced a huge sharp fall whereas telecom players such as Reliance Jio, Bharti Airtel, and Vodafone Idea experience a jump in the demand for the network. The key factors that flourished the growth of the telecom industry before the pandemic were increased usage of the internet among the population along with attractive subscription plans for the customers. After the outbreak of COVID-19, the telecom companies witnessed a sharp decline in the revenue generation.

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The telecommunication sector is mainly divided into telecom equipment, telecom services, and wireless communication. Telecom equipment is the most affected segment among all three. Device vendors were among the most affected as the sales of the devices declined due to the shutdowns and lockdowns across the globe. For instance, in March 2020, Apple Inc. closed its all outlets across the US. Whereas, some of the operators experienced growth as several workers are being told to work from home as the risk of coronavirus engulfs more countries continuously.

Based on the regional viewpoint, the most affected regions include China, Italy, Spain, Germany, France, UK, and the US. Major companies across the telecommunications sector are planning for changes in data usage as the data consumption is expected to shift from organizations to home; as more people will work or study from home amide lockdowns. For instance, the National Broadband Network rollout is 94% complete in Australia, and soon it will surpass 11 million homes and businesses to provide high speed, reliable broadband networks. Google-owned YouTube also changed its default video quality setting in order to reduce the stress on the telecommunication sector.

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Verticals Affected Most
• Equipment
• Service
• Wireless Communication

Impact of COVID-19 on Major Economies

North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• Japan
• Rest of Asia-Pacific
Rest of the World

Companies Covered
• Alcatel-Lucent S.A
• Altice Europe N.V.
• América Móvil, S.A.B. de C.V
• AT&T Inc.
• BT Group PLC
• China Mobile Ltd.
• China Telecom Corp.
• Cisco Systems, Inc.
• Comcast Corp.
• Deutsche Telekom AG
• Fujitsu Ltd.
• Huawei Technologies Co., Ltd.
• KDDI Corp.

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