ING – Telecoms Outlook 2025: A High Frequency Future, Jan 2025

The report by ING "Telecoms Outlook 2025: A High Frequency Future" forecasts growth and developments in the European telecom sector. The European telecom sector is expected to see solid growth in 2025, supported by revenue increases and strong EBITDA growth. As digital infrastructure remains a key policy focus, investments in fibre and 5G networks are beginning to yield returns. The sector benefits from a stable macroeconomic environment, with modest economic growth in the eurozone providing a favorable operating climate. The Draghi report suggests potential regulatory improvements that could enhance the investment climate for telecom operators. While new 5G services have yet to significantly boost revenue, growth is expected post-2025, driven by advancements in AI, private networks, and IoT solutions. The report anticipates at least 2% revenue growth for the sector in 2025, similar to the previous year.