MTN Consulting is focused on network operators & their technology supply chains, tracking the economics of the network operator business and assessing the big shifts that impact technology spending trends. Our coverage includes:

3 major network operator markets

  • Telecom Network Operator (TNO)
  • Webscale Network Operator (WNO)
  • Carrier-Neutral Network Operator (CNNO)

190+ operators

Across the three major network operator markets in all key regions

40+ time series

10+ years’ market- and operator-wise data across quarters and years starting 2011

~50 reports published per year

  • Market data and insight reports spanning –
  • quarterly market reviews
  • operator and vendor deep dives
  • benchmarking and strategic assessments
  • forecast/outlook analysis
Defult Research Image

Latest report

Vendor profile: QNu Labs

This vendor profile provides a brief introduction to QNu Labs Private Limited (also referred to as QuNu Labs). QNu Labs, an Indian quantum technology leader headquartered in Bengaluru, specializes in quantum-secure data protection. Leveraging its hybrid approach combining Quantum Key Distribution (QKD) and Post-Quantum Cryptography (PQC), the company offers advanced security solutions for sectors such as defense, banking, telecommunications, and healthcare. Its product suite includes Tropos QRNG, a quantum random number generator; Armos QKD, a secure communication system for distances up to 150 km; Hodos PQC, a scalable cryptographic stack; and Tholos Key Vault, a data security solution. Cloud-based services such as Qosmos and Vault-as-a-Service, along with applications like QE Mail and QVPN, round out its offerings. The company’s in-house R&D and small manufacturing facility in Bengaluru underscores its commitment to the Make-in-India initiative, enabling local production of quantum-secure technologies and reducing reliance on imports. This facility produces critical components such as single photon detectors and time-to-digital converters. Partnerships with ISRO and IN-SPACe highlight its commitment to satellite-based QKD systems, paving the way for secure communication across terrestrial and satellite networks. Key milestones for QNu include securing defense contracts, such as deploying QKD systems for the Indian Navy, and winning the iDEX Open Challenge, showcasing its role in India’s defense innovation ecosystem. Its flagship QShield platform integrates NIST-compliant cryptographic algorithms, which aims to facilitate seamless adoption of quantum-safe systems. With $6.5 million raised in 2023 and a projected revenue of INR 2,000 million ($24 million) by FY2026, QNu Labs is expanding globally, targeting markets in the US, Europe, and West Asia. Through its quantum technologies and collaborations, QNu Labs is positioning itself as a global leader, ensuring robust security in a rapidly evolving digital landscape.

Read More

MTN Consulting is focused on network operators & their technology supply chains, tracking the economics of the network operator business and assessing the big shifts that impact technology spending trends. Our coverage includes:

  • 3 major network operator markets
  • 190+ operators
  • 40+ time series
  • 50 reports published per year

Latest report

Vendor profile: QNu Labs

This vendor profile provides a brief introduction to QNu Labs Private Limited (also referred to as QuNu Labs). QNu Labs, an Indian quantum technology leader headquartered in Bengaluru, specializes in quantum-secure data protection. Leveraging its hybrid approach combining Quantum Key Distribution (QKD) and Post-Quantum Cryptography (PQC), the company offers advanced security solutions for sectors such as defense, banking, telecommunications, and healthcare. Its product suite includes Tropos QRNG, a quantum random number generator; Armos QKD, a secure communication system for distances up to 150 km; Hodos PQC, a scalable cryptographic stack; and Tholos Key Vault, a data security solution. Cloud-based services such as Qosmos and Vault-as-a-Service, along with applications like QE Mail and QVPN, round out its offerings. The company’s in-house R&D and small manufacturing facility in Bengaluru underscores its commitment to the Make-in-India initiative, enabling local production of quantum-secure technologies and reducing reliance on imports. This facility produces critical components such as single photon detectors and time-to-digital converters. Partnerships with ISRO and IN-SPACe highlight its commitment to satellite-based QKD systems, paving the way for secure communication across terrestrial and satellite networks. Key milestones for QNu include securing defense contracts, such as deploying QKD systems for the Indian Navy, and winning the iDEX Open Challenge, showcasing its role in India’s defense innovation ecosystem. Its flagship QShield platform integrates NIST-compliant cryptographic algorithms, which aims to facilitate seamless adoption of quantum-safe systems. With $6.5 million raised in 2023 and a projected revenue of INR 2,000 million ($24 million) by FY2026, QNu Labs is expanding globally, targeting markets in the US, Europe, and West Asia. Through its quantum technologies and collaborations, QNu Labs is positioning itself as a global leader, ensuring robust security in a rapidly evolving digital landscape.

Read More

Our Three Core Offerings

Research

MTNC’s research is focused on communications network infrastructure, a market attracting $3.5 trillion in annual operator revenues. Our goal is to provide credible, holistic assessments of where the NI market currently stands and where it is headed. Reports address market and technology trends, key players, and country dynamics.

Read More

Subscription

MTNC bundles its research into an annual subscription service called “Global Network Infrastructure”. GNI provides clients with an end-to-end view of the network operator business, assessing the big shifts that impact technology spending trends. GNI clients include technology vendors (chips, network equipment and software, IT services), operators, regulators, and investors.

Read More

Consulting

Our consulting services include: scenario planning; market sizing, forecasting, and analysis; organizational strategy; marketing support; competitive benchmarking; and, due diligence support for M&A and PE transactions. We bring experience and independence to the table, and access to the proprietary databases generated by our GNI subscription program.

Read More

Blogs

img
Quantifying the energy cost savings from 2G/3G network shutdowns...
Posted by: Samir Ahmad on 18/10/2022

With each passing day, the 2G and 3G layers of telcos' mobile networks are looming as heavy loads on operating expenses (opex). That's due to multiple issues but especially energy consumption and related costs. With the exist

read more
img
Telco capital intensity hits 10 year peak in 2Q22...
Posted by: Matt Walker on 06/09/2022

Vendors continue to wrestle with supply chain constraints in the telecom sector. That's clear from several recent vendor earnings reports, including those issued by Dell, HPE, and Ciena in recent weeks. Telco spending, though

read more
img
Vendor landscape continues to shift in telecom market as cloud and 5G ...
Posted by: Matt Walker on 29/07/2022

Telco network spending has been on the rise over the last few quarters. Vendor sales of network infrastructure to the telco vertical ("Telco NI”) totaled $55.5B in 1Q22, up 5.7% YoY. On an annualized basis, Telco NI revenue

read more
img
Telecom’s top 3 vendors betting big on enterprise expansion; Hua...
Posted by: Matt Walker on 14/06/2022

Telco NI's top 3 Telcos buy products & services from dozens of different vendors. Our research tracks 130. Some are relatively easy to classify into a segment, e.g. Corning, a "cabling & connectivity" vendor in our

read more
img
After failure to adapt to 4G, telcos need to evolve...
Posted by: Melvin Bankhead III, Contributing Writer on 19/05/2022

It was the Greek philosopher Heraclitus who coined the phrase, “Change is the only constant in life.” Well over a thousand years later, Benjamin Franklin continued the thought, saying, “When you are finished changing

read more
img
Telcos are upgrading their workforce, but it comes at a price...
Posted by: Matt Walker on 11/05/2022

One of the many telecom stats we track is "labor costs", i.e. what telcos spend in salaries and benefits to support their workforce. Not a lot of other analyst firms track labor costs, if any. It's not an easy one to track, a

read more

Our Research Bundles

img
MTN Consulting’s Market Data bundle is designed for clients who need to understand all three types of network operators we track – telecom, webscale, and carrier-neutral. The bundle includes all of our Excel-based Market Review reports tracking these individual operator segments.
img
MTN Consulting’s Telecom Network Operator (TNO) bundle provides clients with a deep dive into the telecommunications segment of network operators. The bundle’s products help clients understand how telcos are growing and transforming their operations.
img
MTN Consulting’s Webscale Network Operator (WNO) bundle provides a deep look at the webscale segment of network operators – how it’s growing, how individual WNOs are building out their networks, and which suppliers are benefiting.

Meet Our Partners

To best support client inquiries and sales opportunities, we work with a small number of channel partners, as follows:

Stay in the loop

Get our latest blog and research alerts by signing up below.