In this article we are going to list the 5 biggest cell phone companies in the world. For a detailed coverage of this topic and a more comprehensive list please take a look at the 15 biggest cell phone companies in the world. Don’t forget to subscribe to our free daily enewsletter to find out the latest stocks that hedge funds are buying:
5. Nippon Telegraph and Telephone
Total revenue (in millions of dollars): 108,216
Total profits (in millions of dollars): 10,514
Total assets (in millions of dollars): 196,543
Total number of employees: 333,840
Nippon Telegraph and Telephone is a Japanese company headquartered in Tokyo, and the biggest cellphone and telecommunication company in the country. It is also the third largest company in the country by market cap, and the Japanese government currently owns about a third of the total shares of the company.
4. Comcast Corporation (NASDAQ:CMCSA)
Total revenue (in millions of dollars): 116,385
Total profits (in millions of dollars): 14,159
Total assets (in millions of dollars): 275,905
Total number of employees: 189,000
Often said to be among the most hated companies in the United States, there is still no doubt that Comcast Corporation (NASDAQ:CMCSA) is easily among the biggest cellphone companies in the world. The largest home provider in the United States, Comcast Corporation (NASDAQ:CMCSA) has often earned the ire of the government as well regarding deceptive practices, including misleading advertising. Just to understand the depth of criticism of Comcast Corporation (NASDAQ:CMCSA), the company has a separate entry on Wikipedia just detailing its criticism from various bodies and consumers.
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3. Verizon Communications Inc. (NYSE:VZ)
Total revenue (in millions of dollars): 133,613
Total profits (in millions of dollars): 22,065
Total assets (in millions of dollars): 366,596
Total number of employees: 118,400
Verizon Communications Inc. (NYSE:VZ) was established in 1984 after the at-the-time AT&T Corporation was mandated by the United States Department of Justice to break up the Bell System into seven different companies. Since its establishment, Verizon Communications Inc. (NYSE:VZ) acquired AOL in 2015 and Yahoo! Inc in 2017. Verizon Communications Inc. (NYSE:VZ) is the biggest wireless carrier in the United States reporting more than 120 million subscribers at the end of 2020.
Verizon Communications Inc. (NYSE:VZ) has also faced several controversies over its almost four decades of operating, especially with respect to net neutrality as it is one of the biggest internet providers in the United States which has opposed net neutrality laws, laws which are considered to be integral to maintaining a fair experience for customers. It has also been accused of false advertisement related to 5G.
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2. China Mobile Communications
Total revenue (in millions of dollars): 131,913
Total profits (in millions of dollars): 14,629
Total assets (in millions of dollars): 337,923
Total number of employees: 451,331
Most of the major companies in China are owned by the state, and China Mobile Communications, the biggest cellphone company in the country, is no exception. The company has maintained a network across mainland China and Hong Kong, boasting 945 million subscribers and is considered to be the biggest mobile network operator in the world with reference to number of subscribers.
As is true for many major companies in China, China Mobile Communications has been sanctioned by the U.S. government, after President Donald Trump issued an executive order in November 2020, which resulted in the New York Stock Exchange delisting the company, which in turn led to China Mobile Communications announcing its decision to raise $8.8 billion to get the shares listed on the Shanghai Stock Exchange. The company’s U.S. subsidiary has been designated a national security threat by the Federal Communications Commission.
1. AT&T Inc. (NYSE:T)
Total revenue (in millions of dollars): 168,864
Total profits (in millions of dollars): 20,081
Total assets (in millions of dollars): 551,622
Total number of employees: 202,600
Easily topping the list of the 16 biggest cell phone companies in the world is AT&T Inc. (NYSE:T). AT&T Inc. (NYSE:T) topped two of the four metrics we considered, while coming in second in one of them. Considered to be the second biggest telephone service provider in the United States, AT&T Inc. (NYSE:T) is generally considered to have acted as a monopoly during the 20th century in the Untied States. The revenue of the company has more than quadrupled in the past two decades, having recorded $45 billion in revenue in 2001.
Most major companies have controversies surrounding their activities, and AT&T Inc. (NYSE:T) is no exception. The company has been in hot water over the years for many different issues, such as censorship claims coming in 2007, a privacy controversy faced in 2006 when the company assisted the National Security Agency with wiretapping, copy right enforcement issues in 2008, discrimination conducted against local public-access television channels in 2008, accusation of enabling fraud and overcharging government agencies among several other controversies.
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