Analyst: Telco market resilient in pandemic

Worldwide spending on telecommunication and pay TV services will reach $1.55 trillion in 2020, a decrease of 1.4 per cent year over year, according to the International Data Corporation (IDC) Worldwide Semi-annual Telecom Services Tracker. IDC expects the market to start its recovery next year, but pre-crisis spending levels will not be reached before 2022.

Source: Analyst: Telco market resilient in pandemic