| Rank | Logo | Company | Market Cap | Country |
|---|---|---|---|---|
| 1 |  | T-Mobile US | $231.10 B | USA |
| 2 |  | China Mobile | $222.18 B | China |
| 3 |  | Verizon | $209.15 B | USA |
| 4 |  | AT&T | $194.32 B | USA |
| 5 |  | Deutsche Telekom | $180.45 B | Germany |
| 6 |  | SoftBank | $128.31 B | Japan |
| 7 |  | Bharti Airtel | $121.53 B | India |
| 8 |  | Comcast | $104.10 B | USA |
| 9 |  | American Tower | $84.58 B | USA |
| 10 |  | NTT (Nippon Telegraph & Telephone) | $81.29 B | Japan |
| 11 |  | China Telecom | $78.90 B | China |
| 12 |  | America Movil | $71.71 B | Mexico |
| 13 |  | Singtel | $65.36 B | Singapore |
| 14 |  | KDDI | $62.94 B | Japan |
| 15 |  | Saudi Telecom Company | $56.11 B | S. Arabia |
| 16 |  | Ciena | $54.50 B | USA |
| 17 |  | Orange | $53.10 B | France |
| 18 |  | Swisscom | $46.52 B | Switzerland |
| 19 |  | Emirates Telecom (Etisalat Group) | $43.56 B | UAE |
| 20 |  | Telstra | $41.78 B | Australia |
| 21 |  | Crown Castle | $37.02 B | USA |
| 22 |  | AST SpaceMobile | $34.66 B | USA |
| 23 |  | Advanced Info Service (AIS) | $34.38 B | Thailand |
| 24 |  | Vodafone | $33.60 B | UK |
| 25 |  | Chunghwa Telecom | $33.54 B | Taiwan |
| 26 |  | EchoStar | $31.12 B | USA |
| 27 |  | CK Hutchison Holdings | $29.51 B | Hong Kong |
| 28 |  | China Unicom | $29.35 B | Hong Kong |
| 29 |  | BT Group | $28.25 B | UK |
| 30 |  | Charter Communications | $26.46 B | USA |
| 31 |  | China Tower | $25.09 B | China |
| 32 |  | Telefonica Brasil | $24.84 B | Brazil |
| 33 |  | ZTE | $24.73 B | China |
| 34 |  | Telenor | $24.30 B | Norway |
| 35 |  | BCE Inc. | $24.07 B | Canada |
| 36 |  | Telefónica | $23.70 B | Spain |
| 37 |  | Cellnex Telecom | $22.63 B | Spain |
| 38 |  | Rogers Communications | $21.07 B | Canada |
| 39 |  | MTN Group | $21.05 B | South Africa |
| 40 |  | KPN | $21.00 B | Netherlands |
| 41 |  | China Satellite Communications | $20.75 B | China |
| 42 |  | Telus | $20.74 B | Canada |
| 43 |  | Telia Company | $20.02 B | Sweden |
| 44 |  | SBA Communications | $19.33 B | USA |
| 45 |  | Airtel Africa | $18.13 B | UK |
| 46 |  | Telkom Indonesia | $17.91 B | Indonesia |
| 47 |  | Vodacom | $16.83 B | South Africa |
| 48 |  | Telecom Italia | $16.04 B | Italy |
| 49 |  | True Corporation | $14.65 B | Thailand |
| 50 |  | Tele2 | $14.20 B | Sweden |
| 51 |  | Etihad Etisalat (Mobily) | $13.28 B | S. Arabia |
| 52 |  | Emirates Integrated Telecommunications Company | $12.64 B | UAE |
| 53 |  | SK Group | $12.59 B | S. Korea |
| 54 |  | Indus Towers | $12.50 B | India |
| 55 |  | Millicom | $12.14 B | Luxembourg |
| 56 |  | TIM S.A. | $12.03 B | Brazil |
| 57 |  | Hong Kong Telecom | $11.93 B | Hong Kong |
| 58 |  | SK Telecom | $11.28 B | S. Korea |
| 59 |  | Ooredoo | $11.26 B | UAE |
| 60 |  | Ooredoo Qatar | $11.00 B | Qatar |
| 61 |  | Vodafone Idea | $10.99 B | India |
| 62 |  | KT Corporation | $10.61 B | S. Korea |
| 63 |  | Far EasTone | $10.52 B | Taiwan |
| 64 |  | Taiwan Mobile | $10.33 B | Taiwan |
| 65 |  | Quebecor | $9.74 B | Canada |
| 66 |  | Celcomdigi | $9.17 B | Malaysia |
| 67 |  | InterDigital | $9.06 B | USA |
| 68 |  | Bharti Hexacom | $8.56 B | India |
| 69 |  | INWIT | $8.46 B | Italy |
| 70 |  | OTE Group | $8.20 B | Greece |
| 71 |  | Zain (Mobile Telecommunications Company) | $7.99 B | Kuwait |
| 72 |  | Elisa | $7.98 B | Finland |
| 73 |  | Sirius XM | $7.56 B | USA |
| 74 |  | Globalstar | $7.54 B | USA |
| 75 |  | Bezeq | $7.51 B | Israel |
| 76 |  | Indoritel | $7.49 B | Indonesia |
| 77 |  | Telekom Malaysia | $7.45 B | Malaysia |
| 78 |  | Maxis Berhad | $7.34 B | Malaysia |
| 79 |  | A1 Telekom Austria | $7.29 B | Austria |
| 80 |  | Lumen Technologies | $6.72 B | USA |
| 81 |  | ViaSat | $6.60 B | USA |
| 82 |  | PCCW | $5.88 B | Hong Kong |
| 83 |  | TPG Telecom | $5.54 B | Australia |
| 84 |  | Axiata Group | $5.49 B | Malaysia |
| 85 |  | Zegona Communications | $5.45 B | UK |
| 86 |  | Mobile TeleSystems | $5.41 B | Russia |
| 87 |  | Turkcell | $5.32 B | Turkey |
| 88 |  | United Internet | $5.13 B | Germany |
| 89 |  | Altius Telecom Infrastructure Trust | $5.10 B | India |
| 90 |  | Telecom Argentina | $4.87 B | Argentina |
| 91 |  | Orange Polska | $4.75 B | Poland |
| 92 |  | Telephone and Data Systems | $4.73 B | USA |
| 93 |  | Türk Telekom | $4.68 B | Turkey |
| 94 |  | PLDT | $4.64 B | Philippines |
| 95 |  | Tata Communications | $4.58 B | India |
| 96 |  | 1&1 | $4.57 B | Germany |
| 97 |  | Sunrise Communications AG | $4.23 B | Switzerland |
| 98 |  | Liberty Global | $4.11 B | UK |
| 99 |  | Indosat | $4.08 B | Indonesia |
| 100 |  | Freenet | $3.70 B | Germany |
