Telecom Industry

Australia is connected through the Telecommunications Services including fixed-line, cellular, and resold plans and services. Revenue from fixed-line services has declined as customers choose 5G and other faster and more convenient telco services. Mobile providers have taken advantage of the need for even faster speeds and the evolving ways that people use the internet since the NBN rollout was completed. For example, as internet access becomes more and more integrated into our daily lives, workers and consumers alike are rapidly increasing the amount of data they consume. The revenue has decreased as a result of the intensifying wireless pricing competition and declining wired network revenue. The revenue has decreased to $33.7 billion overall over the five years through 2022–2023, at an annualized rate of 1.8% (IBISWorld). 

Higher speed plan growth is likely to be aided by upcoming NBN upgrades, such as more fiber-to-the-premises connections. With the proposed Telstra-TPG Telecom sharing arrangement, the ACCC plans to keep a close eye on the flurry of merger and acquisition activity and forecast the future of regional mobile networks. The revenue is expected to increase due to the growing demand for wireless communications. Quick technical advancements might help telcos in their efforts to persuade customers to upgrade their plans. Nevertheless, the market is now saturated, which limits the potential for further growth and reduces the number of businesses in the future. Ultimately, through the end of 2027–2028, the revenue is predicted to increase at an annualized rate of 1.6% to $36.4 billion(IBISWorld).