Capex and equipment market update: 4Q09
Global wireline equipment sales declined by 7.7% in 4Q09 versus the year-ago quarter, a marked improvement over the double-digit declines of 3Q09 and 2Q09. The results confirm our expectation that wireline sales growth will turn positive in 1H10. A shift in global capital spending is occurring, as China cools off and the Middle East heats up.
EXECUTIVE SUMMARY
IN A NUTSHELL
OVUM VIEW
4Q09 WIRELINE EQUIPMENT RESULTS REINFORCE VIEW FOR GROWTH IN 1H10
CAPEX PATTERN SHIFTS AS CHINA COOLS OFF AND THE MIDDLE EAST HEATS UP
QUARTERLY RESULTS
MIDDLE EAST, NORTH AMERICA DRIVE CAPEX GROWTH IN 4Q09
EQUIPMENT SALES INCREASE BY $1.0 BILLION IN 4Q09
VENDOR SHARE, RANK, AND REVENUE
LIST OF TABLES
Table 1: Revenue and capex growth in 4Q09 vs. 4Q08, constant exchange rates
Table 2: Notes on operators for 4Q09
Table 3: 4Q09 segment revenues versus 3Q09 and 4Q08 (global)
Table 4: Top 15 wireline equipment vendors based on rolling 4Q sales as of 4Q09
Table 5: Telecom wireline equipment vendor market share rank by segment, based on rolling 4-quarter sales figures, as of 4Q09
Table 6: Telecom wireline equipment vendor revenues and share change
IN A NUTSHELL
OVUM VIEW
4Q09 WIRELINE EQUIPMENT RESULTS REINFORCE VIEW FOR GROWTH IN 1H10
CAPEX PATTERN SHIFTS AS CHINA COOLS OFF AND THE MIDDLE EAST HEATS UP
QUARTERLY RESULTS
MIDDLE EAST, NORTH AMERICA DRIVE CAPEX GROWTH IN 4Q09
EQUIPMENT SALES INCREASE BY $1.0 BILLION IN 4Q09
VENDOR SHARE, RANK, AND REVENUE
LIST OF TABLES
Table 1: Revenue and capex growth in 4Q09 vs. 4Q08, constant exchange rates
Table 2: Notes on operators for 4Q09
Table 3: 4Q09 segment revenues versus 3Q09 and 4Q08 (global)
Table 4: Top 15 wireline equipment vendors based on rolling 4Q sales as of 4Q09
Table 5: Telecom wireline equipment vendor market share rank by segment, based on rolling 4-quarter sales figures, as of 4Q09
Table 6: Telecom wireline equipment vendor revenues and share change
LIST OF FIGURES
Figure 1: Year-over-year growth rate of fixed network equipment revenues
Figure 2: Year-over-year changes in exchange rates, 1Q07–4Q09
Figure 3: Telecom equipment market segment revenue trends (wireline)
Figure 1: Year-over-year growth rate of fixed network equipment revenues
Figure 2: Year-over-year changes in exchange rates, 1Q07–4Q09
Figure 3: Telecom equipment market segment revenue trends (wireline)
