Business

North American telecom market showed continued stability in third quarter, says RHK

Nov. 5, 2003

5 November 2003 San Francisco, CA Lightwave -- According to a new study by RHK, the North American telecom market continued to show signs of stability in the third quarter of 2003, with revenue growing 2% over the second quarter.

5 November 2003 San Francisco, CA Lightwave -- According to a new study by
RHK, the North American telecom market continued to show signs of stability in the third quarter of 2003, with revenue growing 2% over the second quarter.

"There are continued signs of stability in the North American wireline market but few signs of improvement," reports senior analysts Shing Yin. "As typically happens, telecom continues to lag the general economic recovery."

In the third quarter, North American wireline revenue was flat sequentially and capex increased 13% sequentially. North American mobile performed relatively better with 7% sequential revenue growth and 15% sequential capex growth. RHK predicts that wireline spending for full-year 2003 will likely fall below the most-likely forecast of $31.2 billion and above the pessimistic forecast of $29 billion. Mobile capital spending is expected to be close to the most-likely forecast of $17.9 billion.

RHK's complete analysis of the quarter will be featured in the Telecom Economics Webcast on Tuesday, November 25, at 11:00 AM EST. For more information about this report or to attend this webcast, contact Client Services at [email protected].