Amdocs (DOX) – Software Downstream from Big Telecom Capex

Big Tele are in the process of upgrading their networks from 4G to 5G. This will enable faster download speeds and increased connectivity between different types of devices. Below are Statista’s estimates of 5G capex since 2019. This spending began in earnest in 2019 of which Big Tele has been the biggest spender. Similar to Big Tech, Big Tele capex has been multi-year at about 1/3 the size.

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