Other telcos within the top 20 that witnessed revenue growth in the annualized 2Q23 period included Saudi Telecom (6.5 percent), Charter Communications (2.6 percent), China Unicom (1.2 percent), Verizon (0.5 percent), China Telecom (0.3 percent), and China Mobile (0.2 percent). Notably, two of the major Chinese telcos, China Mobile and China Telecom, experienced revenue declines in the single quarter of 2Q23, following a recovery in 1Q23. Although they attributed growth in the annualized period to surging "emerging businesses" revenues, certain operators in less mature 5G markets credited their growth to 5G-related equipment revenues.