The report by Arthur D. Little's 2013 Telecom Infrastructure Supplier Outlook reviews the performance of leading telecom equipment suppliers. The industry has shown initial signs of market repair after four tough years and significant M&A activity, but cash generation remains an issue. The report expects the industry to move towards a competitive landscape with four financially-healthy players with comparable product portfolios. The NEP industry has proven to be a challenging environment with highly volatile operating margins and low cash generation for some of its key players, due to fierce price competition and continuous restructuring charges. However, it now appears that the industry is on a more solid footing as a result of a number of consolidations and positive underlying demand for its equipment and services.
