1 China Mobile Limited 0941.HK $204.30B $9.83 −0.32% $0.03 HK 2 Verizon Communications Inc. VZ $185.55B $44.66 −1.19% $0.54 US 3 T-Mobile US, Inc. TMUS $157.19B $146.54 −7.71% $12.25 US 4 SoftBank Group Corp. 0R15.L $156.23B $27.41 −0.83% $0.23 JP 5 AT&T Inc. T $140.99B $20.93 −7.96% $1.81 US 6 Deutsche Telekom AG DTE.DE $135.85B $28.40 −3.17% $0.93 DE 7 Bharti Airtel Limited BHARTIARTL.NS $124.32B $19.93 −0.15% $0.03 IN 8 NTT, Inc. 9432.T $90.76B $1.11 −1.85% $0.02 JP 9 China Telecom Corporation Limited 601728.SS $87.40B $1.03 +1.79% $0.02 CN 10 Comcast Corporation CMCSA $80.30B $22.69 −0.66% $0.15 US 11 América Móvil, S.A.B. de C.V. AMX $73.36B $24.57 −1.64% $0.41 MX 12 KDDI Corporation 9433.T $67.52B $18.27 −1.41% $0.26 JP 13 Saudi Telecom Co. 7010.SR $54.32B $10.89 −1.31% $0.14 SA 14 Singapore Telecommunications Limited Z74.SI $52.49B $3.22 −0.96% $0.03 SG 15 Swisscom AG SCMN.SW $43.03B $830.60 +0.07% $0.61 CH 16 Orange S.A. FTE.DE $42.70B $16.07 −0.93% $0.15 FR 17 Telstra Group Limited TLS.AX $38.64B $3.48 +1.85% $0.06 AU 18 Chunghwa Telecom Co., Ltd. CHT $37.63B $48.51 −0.43% $0.21 TW 19 Vodafone Group Public Limited Company VOD $36.47B $15.74 −2.36% $0.38 GB 20 Advanced Info Service Public Company Limited ADVANC-R.BK $29.59B $9.95 +0.30% $0.03 TH 21 BT Group plc BT-A.L $27.59B $2.83 +0.05% $0.00 GB 22 EchoStar Corporation ECHO $25.88B $89.08 +3.83% $3.29 US 23 MTN Group Limited MTN.JO $21.67B $11.82 +1.55% $0.18 ZA 24 Telefónica, S.A. TNE5.DE $21.56B $3.83 −1.70% $0.07 ES 25 Telefônica Brasil S.A. VIV $20.71B $12.96 −0.92% $0.12 BR 26 China Unicom (Hong Kong) Limited 0762.HK $20.29B $0.66 −1.23% $0.01 HK 27 China Tower Corporation Limited CHWRF $20.28B $1.16 +0.00% $0.00 CN 28 China United Network Communications Limited 600050.SS $20.19B $0.65 +1.40% $0.01 CN 29 Cellnex Telecom, S.A. CLNX.MC $19.35B $29.36 +0.96% $0.28 ES 30 Telia Company AB (publ) TELIA.ST $19.11B $4.86 −0.06% $0.00 SE 31 BCE Inc. BCE $19.02B $20.40 −1.97% $0.41 CA 32 Vodacom Group Limited VOD.JO $18.85B $9.76 −0.12% $0.01 ZA 33 Telenor ASA TEL.OL $18.64B $13.66 −0.16% $0.02 NO 34 Rogers Communications Inc. RCI $17.50B $32.39 −2.44% $0.81 CA 35 Koninklijke KPN N.V. KPN.AS $17.39B $4.61 −1.53% $0.07 NL 36 Emirates Integrated Telecommunications Company PJSC DU.AE $15.08B $3.33 +0.00% $0.00 AE 37 Charter Communications, Inc. CHTR $14.64B $108.61 −2.83% $3.16 US 38 China Satellite Communications Co., Ltd. 601698.SS $14.22B $3.37 +1.95% $0.06 CN 39 TELUS Corporation TU $13.91B $8.83 −0.34% $0.03 CA 40 Telecom Italia S.p.A. TIT.MI $13.68B $6.41 −0.45% $0.03 IT 41 Airtel Africa Plc AAF.L $13.24B $3.65 −2.43% $0.09 GB 42 Millicom International Cellular S.A. TIGO $13.13B $78.34 −1.99% $1.59 LU 43 True Corporation Public Company Limited TRUE-R.BK $13.10B $0.38 +0.00% $0.00 TH 44 Vodafone Idea Limited IDEA.NS $12.96B $0.12 −1.47% $0.00 IN 45 Far EasTone Telecommunications Co., Ltd. 4904.TW $12.73B $3.53 +2.68% $0.09 TW 46 Taiwan Mobile Co., Ltd. 3045.TW $12.37B $4.08 +1.92% $0.08 TW 47 SK Telecom Co.,Ltd SKM $12.15B $30.62 −0.68% $0.21 KR 48 Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk TLK $11.96B $12.13 −0.66% $0.08 ID 49 Etihad Etisalat Company 7020.SR $11.63B $15.15 −1.65% $0.25 SA 50 HKT Trust and HKT Limited 6823.HK $11.60B $1.53 +0.50% $0.01 HK 51 Tele2 AB (publ) TEL2-B.ST $11.06B $16.11 −0.28% $0.05 SE 52 Globalstar, Inc. GSAT $10.69B $82.52 +0.17% $0.14 US 53 Indus Towers Limited INDUSTOWER.BO $10.56B $4.00 +0.21% $0.01 IN 54 Quebecor Inc. QBR-B.TO $10.52B $46.70 −1.46% $0.69 CA 55 Ooredoo Q.P.S.C. ORDS.QA $10.20B $3.18 +0.61% $0.02 QA 56 TIM S.A. TIMB $9.16B $19.17 −1.49% $0.29 BR 57 Bharti Hexacom Limited BHARTIHEXA.NS $8.63B $17.25 +0.45% $0.08 IN 58 KT Corporation KT $8.52B $17.32 −0.74% $0.13 KR 59 Hellenic Telecommunications Organization S.A. HTO.AT $8.32B $21.70 −0.41% $0.09 GR 60 Itissalat Al-Maghrib (IAM) S.A. IAM.PA $8.21B $9.34 +0.00% $0.00 MA 61 PT Indoritel Makmur Internasional Tbk. DNET.JK $7.72B $0.54 +0.26% $0.00 ID 62 Infrastrutture Wireless Italiane S.p.A. INW.MI $7.41B $8.21 −0.75% $0.06 IT 63 Telekom Malaysia Berhad 4863.KL $7.33B $1.91 +0.26% $0.00 MY 64 Celcomdigi Berhad 6947.KL $7.01B $0.60 −2.40% $0.01 MY 65 Maxis Berhad 6012.KL $6.79B $0.87 +0.28% $0.00 MY 66 Bezeq The Israel Telecommunication Corp. Ltd BEZQ.TA $6.28B $2.29 +0.08% $0.00 IL 67 Telekom Austria AG TKA.VI $6.27B $9.45 −1.29% $0.12 AT 68 Telecom Argentina S.A. TEO $6.14B $12.90 +1.90% $0.24 AR 69 Telefonica Deutschland Holding AG O2D.HM $5.93B $1.99 −3.26% $0.07 DE 70 Elisa Oyj ELISA.HE $5.86B $36.51 −5.89% $2.29 FI 71 VEON Ltd. VEON $5.72B $83.01 +4.72% $3.74 AE 72 TPG Telecom Limited TPG.AX $5.33B $2.72 −0.52% $0.01 AU 73 Orange Polska S.A. OPL.WA $5.31B $4.04 −0.78% $0.03 PL 74 Zegona Communications plc ZEG.L $5.09B $22.68 −1.85% $0.43 GB 75 PCCW Limited 0008.HK $4.97B $0.64 −0.59% $0.00 HK 76 Tata Communications Limited TATACOMM.NS $4.97B $17.43 −1.66% $0.29 IN 77 1&1 AG 1U1.DE $4.77B $27.00 +0.21% $0.06 DE 78 Lumen Technologies, Inc. LUMN $4.71B $4.57 +2.47% $0.11 US 79 Iridium Communications Inc. IRDM $4.71B $44.40 +1.39% $0.61 US 80 United Internet AG UTDI.DE $4.66B $26.94 −1.23% $0.34 DE 81 LG Uplus Corp. 032640.KS $4.53B $10.68 −1.87% $0.20 KR 82 PT Ekamas Mora Republik Tbk MORA.JK $4.24B $0.18 +9.46% $0.02 ID 83 PLDT Inc. PHI $4.09B $18.92 −2.27% $0.44 PH 84 Turkcell Iletisim Hizmetleri A.S. TKC $4.01B $4.61 −3.56% $0.17 TR 85 Internet Initiative Japan Inc. 3774.T $3.96B $22.32 −2.04% $0.47 JP 86 Sunrise Communications AG SUNN.SW $3.83B $52.18 +0.51% $0.27 CH 87 Telephone and Data Systems, Inc. TDS $3.80B $35.33 +1.58% $0.55 US 88 China Communications Services Corp. Ltd. Class H CUCSF $3.70B $0.53 +0.00% $0.00 CN 89 Mobile TeleSystems Public Joint Stock Company MTSS.ME $3.70B $2.19 +1.09% $0.02 RU 90 Axtel, S.A.B. de C.V. AXTELCPO.MX $3.69B $0.19 +0.00% $0.00 MX 91 Axiata Group Berhad 6888.KL $3.65B $0.40 +0.62% $0.00 MY 92 Liberty Global plc LBTYB $3.63B $11.90 −0.83% $0.10 BM 93 Globe Telecom, Inc. GTMEY $3.52B $27.68 +0.00% $0.00 PH 94 China Communications Services Corporation Limited CUCSY $3.39B $13.50 +0.00% $0.00 CN 95 Sinch AB (publ) SINCH.ST $3.29B $4.68 +0.41% $0.02 SE 96 Türk Telekomünikasyon Anonim Sirketi TTKOM.IS $3.24B $0.93 −2.83% $0.03 TR 97 PT Indosat Ooredoo Hutchison Tbk ISAT.JK $3.19B $0.10 −1.92% $0.00 ID 98 Kyivstar Group Ltd. Common Shares KYIV $3.07B $13.29 +2.07% $0.27 AE 99 freenet AG FNTN.DE $3.04B $25.73 −0.61% $0.16 DE 100 Nos, S.g.p.s., S.a. NOS.LS $2.97B $5.79 +0.10% $0.01 PT 101 Array Digital Infrastructure Inc AD $2.90B $33.56 +0.72% $0.24 US 102 NetLink NBN Trust CJLU.SI $2.88B $0.74 +0.53% $0.00 SG 103 Helios Towers plc HTWS.L $2.82B $2.77 −0.96% $0.03 GB 104 Vodafone Qatar P.Q.S.C. VFQS.QA $2.69B $0.64 +2.79% $0.02 QA 105 Megacable Holdings, S. A. B. de C. V. MEGACPO.MX $2.52B $2.90 −1.67% $0.05 MX 106 Operadora de Sites Mexicanos, S.A.B. de C.V. OPMXF $2.46B $0.82 −3.11% $0.03 MX 107 Eutelsat Communications S.A. ETL.L $2.45B $4.71 +0.00% $0.00 FR 108 TIME dotCom Berhad 5031.KL $2.38B $1.29 −0.76% $0.01 MY 109 Liberty Latin America Ltd. LILA $2.37B $8.04 −1.23% $0.10 BM 110 GMO Internet, Inc. 9449.T $2.34B $24.03 −2.53% $0.62 JP 111 Public Joint Stock Company Moscow City Telephone Network MGTSP.ME $2.31B $14.96 −0.50% $0.07 RU 112 Proximus PLC BGAOF $2.25B $6.95 +0.00% $0.00 BE 113 Partner Communications Company Ltd. PTNR.TA $2.24B $11.93 +0.19% $0.02 IL 114 Okinawa Cellular Telephone Company OKCTF $2.22B $24.27 +0.00% $0.00 — JP 115 Digi Spain Telecom, S.a. DIGIS.MC $2.11B $7.09 +1.28% $0.09 ES 116 Mobile Telecommunications Company Saudi Arabia 7030.SR $2.07B $2.31 −2.70% $0.06 SA 117 IDT Corporation IDT $2.05B $82.47 −1.46% $1.22 US 118 Spark New Zealand Limited SPK.NZ $2.03B $1.07 −0.53% $0.01 NZ 119 Chorus Limited CNU.NZ $2.02B $4.66 +1.87% $0.09 NZ