1 China Mobile Limited 0941.HK $213.75B $10.31 — HK 2 T-Mobile US, Inc. TMUS $208.25B $192.43 — US 3 SoftBank Group Corp. 9984.T $190.44B $33.42 — JP 4 Verizon Communications Inc. VZ $182.01B $43.59 — US 5 AT&T Inc. T $151.45B $21.80 — US 6 Deutsche Telekom AG DTE.DE $149.72B $30.95 — DE 7 Bharti Airtel Limited BHARTIARTL.NS $125.57B $20.13 — IN 8 Comcast Corporation CMCSA $84.98B $23.79 — US 9 China Telecom Corporation Limited 601728.SS $84.52B $0.92 — CN 10 América Móvil, S.A.B. de C.V. AMX $78.86B $26.27 — MX 11 NTT, Inc. 9432.T $75.80B $0.93 — JP 12 KDDI Corporation 9433.T $67.27B $17.67 — JP 13 Saudi Telecom Co. 7010.SR $57.32B $11.49 — SA 14 Singapore Telecommunications Limited Z74.SI $55.83B $3.41 — SG 15 Orange S.A. ORA.PA $49.82B $18.74 — FR 16 Swisscom AG SCMN.SW $40.39B $779.79 — CH 17 Telstra Group Limited TLS.AX $39.60B $3.56 — AU 18 Vodafone Group Public Limited Company VOD $36.25B $15.74 — GB 19 Advanced Info Service Public Company Limited ADVANC-R.BK $33.83B $11.38 — TH 20 Chunghwa Telecom Co., Ltd. CHT $32.92B $42.44 — TW 21 EchoStar Corporation SATS $26.51B $91.97 — US 22 BT Group plc BT-A.L $25.80B $2.65 — GB 23 China Unicom (Hong Kong) Limited 0762.HK $25.52B $0.83 — HK 24 MTN Group Limited MTN.JO $25.51B $13.92 — ZA 25 Telefónica, S.A. TEF.MC $23.11B $4.10 — ES 26 Telefônica Brasil S.A. VIV $22.29B $13.95 — BR 27 BCE Inc. BCE $20.37B $21.84 — CA 28 China United Network Communications Limited 600050.SS $20.36B $0.65 — CN 29 China Tower Corporation Limited CHWRF $19.23B $1.10 — CN 30 Cellnex Telecom, S.A. CLNX.MC $19.16B $28.43 — ES 31 Koninklijke KPN N.V. KPN.AS $18.94B $4.95 — NL 32 Telenor ASA TEL.OL $18.79B $13.78 — NO 33 Telecom Italia S.p.A. TIT.MI $18.75B $8.83 — IT 34 Rogers Communications Inc. RCI $18.72B $34.66 — CA 35 Telia Company AB (publ) TELIA.ST $18.60B $4.73 — SE 36 Charter Communications, Inc. CHTR $18.55B $131.37 — US 37 Vodacom Group Limited VOD.JO $18.06B $9.35 — ZA 38 Airtel Africa Plc AAF.L $16.70B $4.59 — GB 39 Millicom International Cellular S.A. TIGO $16.48B $98.34 — LU 40 Telus Corp TU $16.24B $10.40 — CA 41 Zegona Communications plc ZEG.L $15.39B $20.28 — GB 42 China Satellite Communications Co., Ltd. 601698.SS $15.35B $3.63 — CN 43 Vodafone Idea Limited IDEA.BO $15.24B $0.14 — IN 44 Emirates Integrated Telecommunications Company PJSC DU.AE $15.16B $3.34 — AE 45 Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk TLK $14.45B $14.62 — ID 46 True Corporation Public Company Limited TRUE-R.BK $14.41B $0.42 — TH 47 Etihad Etisalat Company 7020.SR $12.51B $16.30 — SA 48 SK Telecom Co.,Ltd SKM $11.75B $30.62 — KR 49 Ooredoo Q.P.S.C. ORDS.QA $11.70B $3.65 — QA 50 Far EasTone Telecommunications Co., Ltd. 4904.TW $11.68B $3.24 — TW 51 Tele2 AB (publ) TEL2-B.ST $11.30B $16.52 — SE 52 Quebecor Inc. QBR-B.TO $11.10B $48.62 — CA 53 Indus Towers Limited INDUSTOWER.NS $11.01B $4.18 — IN 54 TIM S.A. TIMB $10.58B $22.14 — BR 55 Taiwan Mobile Co., Ltd. 3045.TW $10.51B $3.47 — TW 56 Globalstar, Inc. GSAT $10.20B $79.18 — US 57 Hellenic Telecommunications Organization S.A. HTO.AT $9.03B $22.31 — GR 58 Itissalat Al-Maghrib (IAM) S.A. IAM.PA $8.85B $10.06 — MA 59 Celcomdigi Berhad 6947.KL $8.53B $0.73 — MY 60 KT Corporation KT $8.47B $17.56 — KR 61 Bharti Hexacom Limited BHARTIHEXA.NS $8.37B $16.73 — IN 62 PT Mora Telematika Indonesia MORA.JK $8.34B $0.35 — ID 63 PT Indoritel Makmur Internasional Tbk. DNET.JK $7.59B $0.54 — ID 64 Telekom Austria AG TKA.VI $7.57B $11.40 — AT 65 Telekom Malaysia Berhad 4863.KL $7.20B $1.88 — MY 66 Maxis Berhad 6012.KL $6.89B $0.88 — MY 67 Telefónica Deutschland Holding AG TELDF $6.73B $2.26 — DE 68 Bezeq The Israel Telecommunication Corp. Ltd BEZQ.TA $6.57B $2.38 — IL 69 Lumen Technologies, Inc. LUMN $6.47B $6.28 — US 70 Arabian Internet and Communications Services Co. Ltd. 7202.SR $6.47B $54.33 — SA 71 Elisa Oyj ELISA.HE $6.39B $39.80 — FI 72 PCCW Limited 0008.HK $5.66B $0.73 — HK 73 Telecom Argentina S.A. TEO $5.65B $13.12 — AR 74 Tata Communications Limited TATACOMM.NS $5.41B $18.97 — IN 75 Orange Polska S.A. OPL.WA $5.03B $3.83 — PL 76 Turkcell Iletisim Hizmetleri A.S. TKC $4.98B $5.72 — TR 77 Iridium Communications Inc. IRDM $4.95B $46.68 — US 78 TPG Telecom Limited TPG.AX $4.93B $2.51 — AU 79 United Internet AG UTDI.DE $4.74B $27.40 — DE 80 Axiata Group Berhad 6888.KL $4.53B $0.49 — MY 81 Liberty Broadband Corporation LBRDA $4.43B $30.86 — US 82 Türk Telekomünikasyon Anonim Sirketi TTKOM.IS $4.37B $1.25 — TR 83 PLDT Inc. PHI $4.26B $19.71 — PH 84 LG Uplus Corp. 032640.KS $4.16B $9.80 — KR 85 1&1 AG 1U1.DE $4.12B $23.33 — DE 86 Sunrise Communications AG SUNN.SW $3.89B $53.44 — CH 87 Internet Initiative Japan Inc. 3774.T $3.81B $21.48 — JP 88 China Communications Services Corporation Limited CUCSY $3.74B $13.50 — CN 89 Telephone and Data Systems, Inc. TDS $3.65B $34.32 — US 90 VEON Ltd. VEON $3.57B $51.62 — AE 91 Mobile TeleSystems Public Joint Stock Company MTSS.ME $3.45B $2.04 — RU 92 Ses S.a. SESG.PA $3.45B $8.23 — LU 93 PT Indosat Ooredoo Hutchison Tbk ISAT.JK $3.43B $0.11 — ID 94 Liberty Global plc LBTYA $3.41B $10.41 — BM 95 Globe Telecom, Inc. GTMEY $3.34B $23.12 — PH 96 Kyivstar Group Ltd. Common Shares KYIV $3.28B $14.21 — AE 97 freenet AG FNTN.DE $3.25B $27.58 — DE 98 Array Digital Infrastructure Inc AD $3.02B $35.00 — US 99 Vodafone Qatar P.Q.S.C. VFQS.QA $3.01B $0.71 — QA 100 Axtel, S.A.B. de C.V. AXTELCPO.MX $2.93B $0.15 — MX 101 Nos, S.g.p.s., S.a. NOS.LS $2.86B $5.59 — PT 102 Sinch AB (publ) SINCH.ST $2.79B $3.97 — SE 103 IHS Holding Limited IHS $2.73B $8.15 — GB 104 TIME dotCom Berhad 5031.KL $2.70B $1.46 — MY 105 Uniti Group Inc. UNIT $2.68B $11.04 — US 106 Helios Towers plc HTWS.L $2.65B $2.60 — GB 107 PT XLSMART Telecom Sejahtera Tbk EXCL.JK $2.64B $0.14 — ID 108 Chorus Limited CNU.NZ $2.49B $5.74 — NZ 109 GMO Internet, Inc. 9449.T $2.47B $24.99 — JP 110 Mobile Telecommunications Company Saudi Arabia 7030.SR $2.43B $2.70 — SA 111 Partner Communications Company Ltd. PTNR.TA $2.37B $12.64 — IL 112 Public Joint Stock Company Moscow City Telephone Network MGTSP.ME $2.29B $16.86 — RU 113 Proximus PLC PROX.BR $2.25B $6.96 — BE 114 Liberty Latin America Ltd. LILA $2.16B $7.34 — BM 115 Runjian Co., Ltd. 002929.SZ $2.15B $7.49 — CN 116 Okinawa Cellular Telephone Company 9436.T $2.11B $23.01 — JP 117 PT Dayamitra Telekomunikasi Tbk. MTEL.JK $2.08B $0.03 — ID 118 Spark New Zealand Limited SPK.NZ $2.06B $1.09 — NZ