Fixed telecom revenue in China to reach $83.2 bn: GlobalData

The fixed communications services revenue in China is forecast to increase at a CAGR of 1.7 percent from $76.4 billion in 2019 to $83.2 billion in 2024, according to GlobalData.
Forecast on fixed communications services revenue in ChinaFixed voice services revenue will increase at a slower CAGR of 0.8 percent over 2019-2024, with growing demand for IP-based voice services offsetting steady decline in circuit switched lines.

Fixed broadband revenue will grow at a CAGR of 2 percent over 2019-2024, primarily driven by rising broadband penetration.

Fixed broadband ARPUs will drop from $12.01 in 2019 to $9.82 by 2024-end due to operator pricing strategies to lower fixed broadband tariffs amid growing competition.

Fixed voice ARPU will also drop from $4.64 in 2019 to $3.16 by 2024.

China Telecom will lead the fixed voice segment over 2019-2024, driven by substantial rise in its VoIP subscriptions base.

China Telecom’s leadership in the fixed-broadband segment is essentially due to its strong focus on offering higher-speed fiber optic services to business and residential customers across the country.