Key Market Indicators
Estonia's telecom expenditure is projected to rise to approximately €460 million by 2028, marking an increase from around €415 million in 2023. This growth represents a compound annual growth rate (CAGR) of 1.7% year on year. Since the turn of the millennium, the demand for telecommunications services in Estonia has consistently increased, averaging a 5.8% year-on-year rise. In 2023, Estonia ranked 30th globally in telecom expenditure, with Iceland narrowly surpassing it at the same expenditure level of €415 million. Leading the rankings were France, the United Kingdom, and Italy, occupying the second, third, and fourth positions, respectively.
