@madamswerI can only agree with what you say regarding capital...

@madamswer
I can only agree with what you say regarding capital intensity and pricing in the sector.
Anyway, I found interesting to see that telecom prices increased in period of inflation.
Some people also explain it that there was a good pricing discipline in Australia in 2023, as operators tried to recoup the cost of their investment in 5G.

Of course, we know by experience that this kind of pricing discipline may not necessarily last for a long time.