INDUSTRIES

&

MARKETSTelecomsintheU.S.CHAPTER

01OverviewCommunicationservicesrevenueworldwidefrom2017to2028,bycountry(inmillionU.S.dollars)Globalcommunicationservicesrevenue2017-2028,bycountryUnitedStatesChinaJapanGermanyBrazil400,000356,670.8266,022.2351,692.08346,729.98254,172.24341,812.65336,997.33350,000332,404.42328,522.06323,609.41320,602.16

320,126.49317,860.97

316,640.58300,000260,328.24247,537.61240,432.8250,000200,000150,000100,00050,0000232,946.22225,439.86217,732.94208,695.34202,873.32195,783.4496,270.6193,275.83101,839.67

101,762.64101,778

101,788.44

101,764.91

101,699.81

101,588.7563,563.3598,424.9195,491.25

95,727.0395,875.1949,246.2660,241.35

61,885.8844,261.86

45,185.54

46,119.2457,061.47

58,631.3743,353.8353,331.22

54,135.21

55,542.3848,701.0846,052.146,082.6640,858.63

41,618.12

42,469.2938,563.04

39,261.75

40,173.42

38,289.82

38,922.562017201820192020202120222023202420252026202720283Description:Fromtheselectedregions,therankingbyrevenueinthecommunicationservicesmarketisforecasttobeleadbytheUnitedStateswith356.7millionU.S.dollars.Incontrast,therankingistrailedbyBrazilwith46.1millionU.S.dollars,recordingadifferenceof310.6millionU.S.dollarstotheUnitedStates.ReadmoreNote(s):Worldwide;2017to2028Source(s):TechnologyMarketInsightsTotalrevenuefromtelecommunicationservicesintheUnitedStatesfrom1998to2021(inbillionU.S.dollars)*TelecommunicationrevenueintheU.S.1998-20213503002502001501005001998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

20214Description:In2021,thetotalrevenuegeneratedfromtelecommunicationservicesintheUnitedStatesreached122.81billionU.S.dollars,keepingonwithadownwardtrendseenforovertwodecadesintelecommunicationsrevenue.

ReadmoreNote(s):UnitedStates;1998to2021;*RevenuesoftheU.S.telecommunicationsindustryandtheassociatedcontributionstotheuniversalservicesupportmechanisms.ThedataisbasedoninformationfiledwiththeCommissioninFCCForms[...]

ReadmoreSource(s):FederalCommunicationsCommissionTotalservicerevenuesofthemobilewirelessindustryintheUnitedStatesfrom1985to2021(inbillionU.S.dollars)ServicerevenueoftheU.S.mobilewirelessindustry1985-2021250200150100500'85

'86

'87

'88

'89

'90

'91

'92

'93

'94

'95

'96

'97

'98

'99

'00

'01

'02

'03

'04

'05

'06

'07

'08

'09

'10

'11

'12

'13

'14

'15

'16

'17

'18

'19

'20

'215Description:ThisstatisticshowstheannualservicerevenueoftheUnitedStates(U.S.)wirelessindustryfrom1985to2021.In2021,theservicerevenuesofthewirelessindustryintheU.S.amountedto204.21billionU.S.dollars.

ReadmoreNote(s):UnitedStates;1985to2021Source(s):CTIATelecommunicationsrevenuefrommobileservicesintheUnitedStatesfrom1998to2021(inbillionU.S.dollars)U.S.telecommunicationsmobileservicerevenue1998-2021140120.93117.94112.44104.49120100806040200114.63111.64107.39105.1898.1696.4588.0286.9980.6875.2674.0165.6461.5156.9552.8948.1239.6336.2433.3828.691998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

20216Description:MobileservicerevenuesintheUnitedStatescontinuedtofallsharplyin2021,fallingby4.69billionU.S.dollarsto28.69billion.Mobileservicerevenuepeakedat120.93billionU.S.dollarsin2008.ReadmoreNote(s):UnitedStates;1998to2021Source(s):FederalCommunicationsCommissionCHAPTER

02FixedNumberoffixedbroadbandsubscriptionsintheUnitedStatesfrom2000to2022(inmillions)UnitedStates:numberoffixedbroadbandsubscriptions2000-2022140120100127.03127.12120.53114.27110.77108.2105.71102.2197.8196.0392.5188.3284.5279.9977.1380604020071.760.2451.1637.3527.7419.8812.797.072000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

20228Description:Thenumberoffixed-broadbandsubscriptionsintheUnitedStatesstoodat127millionin2022,amarginalincreasefromthepreviousyear,withgrowthinsubscriptionsbeginningtoslow.ReadmoreNote(s):UnitedStates;2000to2022Source(s):ITUNumberofbroadbandinternetsubscribersintheUnitedStatesfrom1stquarter2011to1stquarter2023,byproviderBroadbandinternetsubscribernumbersintheU.S.Q12011-Q12023,byproviderAT&TFrontier**FairPoint****VerizonWindstream***ConsolidatedCommunications*****CenturyLink*/LumenCincinnatiBell******TDS*******40,000,00035,000,00030,000,00025,000,00020,000,00015,000,00010,000,0005,000,0000Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q4Q1Q3Q2Q3Q4Q1Q1Q2Q2Q4Q3Q1Q2Q3Q4Q1Q2Q3Q4Q1'11'11'11'11'12'12'12'12'13'13'13'13'14'14'14'14'15'15'15'15'16'16'16'16'17'17'17'17'18'19'18'19'19'19'18'20'18'20'20'20'21'21'21'21'22'22'22'22'239Description:Inthefirstquarterof2023,AT&Thadaround15.3millionbroadbandsubscribersintheUnitedStates.AT&ThasbeentheU.S.telephonefirmwiththehighestnumberofbroadbandinternetsubscribersthroughoutthereportedperiodfrom2011tothefirstquarterof2023.ReadmoreNote(s):UnitedStates;2011to2023;*CenturyLinkacquiredQweston4/1/11.**LRGestimatedoesnotincludewirelesssubscribers.***Windstreamnolongerreportsthenumberofnon-residentialsubscribers.****FairPointwasacquiredby[...]

ReadmoreSource(s):LeichtmanResearchGroupCountrieswiththefastestaveragefixedbroadbandinternetspeedsasofApril2023(inMbps)Countrieswiththefastestaveragefixedbroadbandinternetspeed2023FixedbroadbandinternetspeedinMbps100

150050200250300SingaporeChile242.01222.49216.78215.8205.19UnitedArabEmiratesChinaHongKong(SAR)Thailand204.26202.4UnitedStatesDenmark199.94Spain175.96174.26Romania10Description:AsofApril2023,Singaporehadthefastestaveragefixedbroadbandinternetspeed,withanaverageof242Mbps.Chilerankedsecond,withmorethan222Mbps,whiletheUnitedArabEmiratesfollowed,withapproximately217Mbpsofaveragefixedbroadbandinternetspeed.ReadmoreNote(s):Worldwide;April2023Source(s):SpeedtestCustomersatisfactionindexscoresforfiberinternetserviceprovidersintheUnitedStatesin2023CustomersatisfactionoffiberinternetserviceprovidersintheU.S.2023Satisfactionindex300102040506070808090AT&TFiberCenturyLinkFiber(LumenTechnologies)GoogleFiber7876Allothers75VerizonFios75FrontierFiber74XfinityFiber(Comcast)7311Description:AccordingtotheAmericanCustomerSatisfactionIndex,U.S.customersweremostsatisfiedwithAT&T'sfiberinternetservice,followedbyCenturyLink.Comcast'sXfinityFiberscoredthelowestofthesurveyedproviders.

ReadmoreNote(s):UnitedStates;April2022toMarch2023;22061respondentsSource(s):ACSI?NumberoffixedtelephonesubscriptionsintheUnitedStatesfrom2000to2021(inmillions)NumberoffixedtelephonesubscriptionsintheU.S.2000-20212502001501005002000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

202112Description:In2021,therewereapproximately97.11millionfixedtelephonelinesubscriptionsintheUnitedStates,aslightdecreasefromthepreviousyear,whenthenumberoffixedtelephonesubscribersamountedtoaround103million.

ReadmoreNote(s):UnitedStates;2000to2021Source(s):ITUCHAPTER

03MobileNumberofmobilewirelesssubscriberconnectionsintheUnitedStatesfrom1985to2021(inmillions)MobilewirelesssubscriberconnectionsintheUnitedStates1985-2021600500400300200100014Description:From1985to2021theestimatednumberofmobilewirelesssubscriberconnectionsintheUnitedStatesincreasedsignificantly,reachingcloseto499millionconnectionsin2021,upabout30millionsubscribersfromthepreviousyear.

ReadmoreNote(s):UnitedStates;1985to2021Source(s):CTIAMobilecellularsubscriptionsper100inhabitantsintheUnitedStatesfrom2000to2022Numberofmobile-cellularsubscriptionsper100inhabitantsintheU.S.2000-2022120110100908070605040302000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

202215Description:In2022,therewereareported110.2mobilecellularsubscriptuonsper100inhabitantsintheUnitedStates,upfrom107.3subscriptionsin2021.ReadmoreNote(s):UnitedStates;2000to2022Source(s):ITUWirelesssubscriptionsmarketsharebycarrierintheU.S.from1stquarter2011to3rdquarter2023Wirelesscarrier/operatorsubscribershareintheU.S.2011-2023VerizonLeapWirelessAT&TMetroPCS**T-MobileSprint***USCellularOther120%100%80%60%40%20%0%Carrier16Description:ThetelecommunicationsfirmAT&TistheleadingproviderofmobileservicesintheUnitedStates(U.S.)withamarketshareofabout46.9percentofwirelesssubscriptionsinthethirdquarterof2023.VerizonandT-MobilearetheothermajorwirelesscarriersintheU.S.Themarketshareisbasedonsubscriptionfiguresreportedbythecompaniesinquarterlyearningsandfinancialstatements.Mobilevirtualnetworkoperator(MVNO)subscriptionswerenottakenintoaccountfor[...]

ReadmoreNote(s):UnitedStates;1stquarter2011to3rdquarter2023;*MarketsharebasedonsubscriberdatashownhereforQ4'15toQ4'17.estimatesfordatafrom1Q'18onwards;basedonfinancialandearningsreleasesofthecompaniesas[...]

ReadmoreSource(s):AT&T;FierceWireless;SprintCorporation;estimates;StrategyAnalytics;T-MobileUS;USCellular;VerizonAverage5GandoveralldownloadspeedbyproviderintheUnitedStatesin2023(inMbps)*5GandoverallmobiledownloadspeedintheU.S.2023,byproviderAT&TT-MobileVerizon250200195.515097.196.31005008040.134.3Overall5G17Description:Asof2023,T-MobileUShadbyfarthefastesttypical5GdownloadspeedamongUnitedStates(U.S.)networkoperatorsat195.5Mbps,morethantwiceasfastaseitherAT&TorVerizon.Italsoofferedthebestoveralldownloadspeedat97.1Mbps.5Gnetworksofferfasterdownloadspeeds,lowerlatency,andgreaterreliabilitythanpreviousgenerations.Therolloutof5Ginfrastructurehasbeenacorefocusoftelecommunicationsinvestmentinrecentyears,withthe5Gtechnologymarket[...]

ReadmoreNote(s):UnitedStates;March16thtoJune14th,2022;*Thesourceaddsthefollowinginformation:'DownloadSpeedExperiencerepresentsthetypicaleverydayspeedsauserexperiencesacrossanoperator`smobiledatanetworks.'

ReadmoreSource(s):OpenSignalWirelessrevenuegeneratedbymajorU.S.telecommunicationprovidersfrom2011to2022(inbillionU.S.dollars)Wirelessrevenueofmajormobiletelecomoperators/providersintheU.S.2011-2022VerizonAT&T*T-MobileUSASprintCorporation*9699.4980.1294.291.6873.7191.7371.3492.0872.5689.1972.5987.6573.9987.5171.0981.0269.981.7879.5778.2575.8770.271.0668.466.7663.21704543.3122.640.65037.2425.3732.0529.1119.7229.2629.56027.3927.3424.4223.8121.8120.623010-10-30-50201120122013201420152016201720182019202020212022Telecommunicationprovider18Description:VerizonreportedthehighestwirelessrevenueofanymajorU.S.telecommunicationsproviderin2022,generating108.96billionU.S.dollars.Verizon'srivalsAT&TandT-MobileUSreportedwirelessrevenuesof81.78and79.57billionU.S.dollarsrespectively.ReadmoreNote(s):UnitedStates;2011to2022Source(s):AT&T;Clearwire;MetroPCS;T-MobileUS;USCellular;VerizonMonthlyARPUfrommobilewirelessservicesintheUnitedStatesfrom1993to2021(inU.S.dollars)WirelessserviceaveragerevenueperunitintheUnitedStates1993-20219080706050403020100'93

'94

'95

'96

'97

'98

'99

'00

'01

'02

'03

'04

'05

'06

'07

'08

'09

'10

'11

'12

'13

'14

'15

'16

'17

'18

'19

'20

'2119Description:In2021,themonthlyaveragerevenueperuser(ARPU)generatedfrommobilewirelessservicesintheUnitedStateswas35.74U.S.dollars.ThisrepresentedaslightincreaseontheARPUof35.31U.S.dollarsreportedforthepreviousyear.

ReadmoreNote(s):UnitedStates;2004to2021Source(s):CTIA5GcoverageshareintheUnitedStatesasofOctober2022,bymobilecarrierU.S.5Gcoverage2022,bycarrierCoverageshare30%0%10%20%40%50%60%T-Mobile53.79%AT&T29.52%Verizon12.77%U.S.Cellular1.8%20/statistics/1338703/5g-coverage-by-carrier-usAsofOctober2022,themobilecarrierwiththemostextensive5GcoverageintheUnitedStates(U.S.)wasT-Mobile,atnearly54percentofthecountry.AT&Tcoveredcloseto30percent,andVerizonprovidedalmost13percentoftheU.S.with5Gaccess.ReadmoreNote(s):UnitedStatesSource(s):WhistleOutValueof5GspectrumpurchasesmadebyAT&T,Verizon,andT-MobileintheUnitedStatesfrom2018to2022(inmillionU.S.dollars)AT&T,Verizon,andT-Mobile5GspectrumpurchasesintheUnitedStates2018-2022CellcoPartnershipd/b/aVerizonWirelessVerizonWirelessNetworkProcurementLPAT&TT-MobileLicenseLLCCellcoPartnership(VerizonWireless)50,00045,00040,00035,00030,00025,00020,00015,00010,0005,00045,454.8423,406.869,336.139,079.182,898.421,893.795.58982.48603.2115.26931.61505.7339.290Auction101Auction102Auction103Auction105Auction107Auction11021Description:Verizon'sinvestmentin5Gspectrumpurchasedatauctionreachedatleast78.2billionU.S.dollars,followingthepurchaseof3,511licensesfor45.45billionU.S.dollarsatauctionin2021.VerizonWirelesspurchasedtheirlicensesthroughCellcoPartnershipandVerizonWirelessNetworkProcurementLP.ReadmoreNote(s):UnitedStatesSource(s):FederalCommunicationsCommissionCHAPTER

04OperatorsRevenueofselectedmajortelecommunicationservicecompaniesintheUnitedStatesfrom2008to2022(inbillionU.S.dollars)RevenueofmajortelecomservicescompaniesintheUnitedStates2008-2022VerizonAT&TT-MobileUSUSCellularSprintNextel/SprintCorporation***Clearwire**LeapWireless****MetroPCS*20018016014012010080604020020082009201020112012201320142015201620172018201920202021202223Description:TheUnitedStates(U.S.)telecomsgiantAT&Tgeneratedaround121billionU.S.dollarsinrevenuein2022,downfrom169billionU.S.dollarsthepreviousyear.ThissawAT&Tloseitslong-heldpositionasthelargestU.S.telecommunicationsfirmbyrevenuetorivaloperatorVerizon,whichmadeareported137billionU.S.dollars.TheU.S.telecomsmarketremainsfiercelycompetitive,withAT&T,Verizon,andT-MobileUSthemajornetworkoperators.

ReadmoreNote(s):UnitedStates;2008to2021Source(s):AT&T;Clearwire;LeapWireless;MetroPCS;SprintCorporation;T-MobileUS;USCellular;VerizonVerizonCommunications'globalrevenuebybusinesssegmentfrom2012to2022(inbillionU.S.dollars)*Verizon'srevenuebysegment2012-2022ConsumerBusiness**CorporateandOtherWirelessWireline160140120100802.517.729.819.949.3331.0731.1531.3530.6887.5131.0438.4387.6531.4431.5330.9638.6281.0238.9575.876091.6889.19103.51202295.389.76201891.06201988.53202040209.969.397.7801.0320122.1120132.142014201520162017202124Description:In2022,VerizonCommunicationsgenerated103.51billionU.S.dollarsinitsconsumersegment,morethanthreetimestheamountgeneratedinitsbusinesssegment.EffectiveApril1,2019,therearetworeportablesegmentsthatVerizonoperatesandmanagesasstrategicbusinessunitsunderthenewstructure-VerizonConsumerGroup(Consumer)andVerizonBusinessGroup(Business).ReadmoreNote(s):Worldwide;2012to2022;*Excludeseliminations**CorporateandotherincludestheresultsofVerizon'sMediabusiness,VerizonMedia,whichoperatedin2018underthe"Oath"brand,Verizon'stelematicsbusiness,brandedVerizon[...]

ReadmoreSource(s):VerizonAT&T'soperatingrevenueworldwidefrom2006to2022(inbillionU.S.dollars)RevenueofAT&Tworldwide2006-2022181.19170.76171.76168.86163.79160.55146.8132.45128.75126.72

127.43123.44

122.51

124.28120.74118.3262.5220062007200820092010201120122013201420152016201720182019202020212022*25Description:AT&T`sworldwideoperatingrevenuewas120.74billionU.S.dollarsin2022.Thiswasasignificantdecreaseonthepreviousyear,withthecompanyhavingcompletedadealtospinoffitsinterestinmediacompanyWarnerMediainApril2022.

ReadmoreNote(s):Worldwide;2006to2022;*InApril2022,AT&Tcompletedaspin-offtransactioninwhichWarnerMediamergedwithDiscovery.Theimpactofthisdealisreflectedinthefirm's2022financialreporting.ReadmoreSource(s):AT&TRevenueofT-MobileUSfrom2009to2022*(inbillionU.S.dollars)T-MobileUStotalrevenue2009-20229080.1279.578070605040302010068.44543.3140.637.4932.47201529.92201424.61201321.53200921.35201020.62201119.722012201620172018201920202021202226Description:T-MobileUSgenerated79.57billionU.S.dollarsinrevenuein2022,aslightdecreaseon2021.Thecompany'searningshavemorethantripledsince2013,withthecompanyalsoincreasingitsspendingonadvertising.

ReadmoreNote(s):Worldwide;2009to2022;*EffectiveJanuary1,2017,anaccountingprinciplewaschanged.TheimputeddiscountonEquipmentInstallmentPlan("EIP")receivables,whichisamortizedoverthefinancedinstallmenttermusingtheeffective[...]

ReadmoreSource(s):T-MobileUSDISH