Telecoms revenue hits $1.1tr, 5G subscriptions to quadruple by 2028

Global telecommunications revenue is projected to rise at a CAGR of 2.9 per cent through to 2028, below inflation, even as the sector’s total revenue across fixed and mobile verticals rose 4.3 per cent in 2023 to hit $1.1 trillion, according to PwC’s Global Telecoms Outlook.