Top telecom companies by market cap worldwide 2024
In 2024, T-Mobile US was the world’s largest telecommunications company, with a market capitalization of over 190 billion U.S. dollars. Meanwhile, the Beijing-based firm China Mobile followed in second place with a market cap of 182.6 billion U.S. dollars. Comcast, Verizon, and Deutsche Telekom rounded up the top five largest telecommunications companies worldwide.
U.S. telecom giants dominate the global market
The U.S. telecommunication sector is home to some of the world’s most prominent companies. As of 2024, half of the top 10 global telecom companies, ranked by market cap, were based in the United States. Among these key players are Comcast, Verizon, and AT&T, boasting market caps of 171 billion U.S. dollars, 164 billion U.S. dollars, and 117 billion U.S. dollars, respectively. When it comes to revenue, Verizon held the leading position among other U.S. network operators.
Global distribution of top telecommunication companies
From a global perspective, the distribution of the world’s largest telecommunication companies across different regions is noteworthy. A handful of Asian telecommunication companies have secured spots among the world’s largest. Specifically, Japan’s NTT and KDDI hold the seventh and tenth positions, respectively, by market cap ranking. India’s Bharti Airtel isn’t far behind, ranking eighth globally. Meanwhile, the European telecommunication sector was only represented by Deutsche Telekom in the leading 10 telecom companies, which ranks fifth globally with a market cap exceeding 124.8 billion U.S. dollars.
