Telco Finally Sees Returns In Sustainability
CDO Trends, Monday, July 3,2023
In a recent report titled "Green is good for business: making the financial case in telecoms," GSMA Intelligence, in partnership with Huawei, has unveiled new insights that showcase the financial benefits of investing in greener technologies for telecom operators.
This study sheds light on the positive impact of sustainability investments, providing compelling evidence that embracing sustainability can improve the financial bottom line of telecom companies.
One of the common concerns surrounding sustainability investments is the fear of increased costs. However, the study challenges this notion, particularly in the telecom industry. It reveals that telecom operators can potentially reduce operational expenses (OPEX) by 4% through a 20% reduction in energy costs, achieved by implementing power-saving technologies such as 5G, artificial intelligence (AI), and lithium-ion batteries. These power efficiencies lead to cost savings and are a powerful incentive for operators to embrace sustainable practices.