Wireline has been on the decline for a while now though, why would you look at that alone?
And a high ROIC is.., odd when comparing it to industries like software, or even to F&B.
And if those numbers are American numbers, it's pretty amazing, given that American telcos have historically underinvested in their infra building duties.
What's more interesting is an ARPU comparison with multiple countries. That would be a more apples to apples comparison.
For reference: AT&T 2015 net income was 13 billion.
Which isn't the only source of revenue for these firms, since we are talking about the whole firm.
Even if we did want to talk about just wireline, you would still have to do an ARPU comparison and see how other nations do. The last time I had to analyze a telecom firm was many years ago, but American firms do very well.
Edit: ended up finding a decent primer for the America telecom industry.
And a high ROIC is.., odd when comparing it to industries like software, or even to F&B.
And if those numbers are American numbers, it's pretty amazing, given that American telcos have historically underinvested in their infra building duties.
What's more interesting is an ARPU comparison with multiple countries. That would be a more apples to apples comparison.
For reference: AT&T 2015 net income was 13 billion.