5 Largest Telecom Companies in The World by Revenue

In this article, we will take a look at 5 largest telecom companies in the world by revenue. If you want to read our detailed analysis, you can go directly to 20 Largest Telecom Companies in The World by Revenue.

5. Comcast Corporation (NASDAQ:CMCSA)

Revenue (TTM) as of September 30, 2023: $120.9 Billion 

Comcast Corporation (NASDAQ:CMCSA) is a leading telecommunications company based in Philadelphia, United States. The company operates across various segments including residential connectivity and platforms, business services connectivity, media, and studios to name a few. The company also offers wireless connectivity services and residential broadband services. Comcast Corporation (NASDAQ:CMCSA) was founded in 1963 and has a market cap of $172.66 billion as of November 19, 2023. 

4. AT&T Inc. (NYSE:T)

Revenue (TTM) as of September 30, 2023: $121.8 Billion 

With a trailing 12-month revenue of $121.8 billion as of September 30, 2023, AT&T Inc. (NYSE:T) ranks as one of the largest telecom companies in the world. The company offers a range of wireless voice and data communications services including handsets, wireless data cards, wireless computing devices, carrying cases, and hands-free devices to name a few. AT&T Inc. (NYSE:T) was founded in 1983 and has a market cap of $115.04 billion as of November 19, 2023.

3. Deutsche Telekom AG (OTC:DTEGY)

Annual Revenue (2022): $125.3 Billion 

Deutsche Telekom AG (OTC:DTEGY) ranks as one of the largest telecom companies in the world by revenue. The company offers a range of services including fixed network services, voice and data communication services, fixed network and broadband technology, and mobile voice and data services. Deutsche Telekom AG (OTC:DTEGY) was founded in 1995 and has its headquarters based in Bonn, Germany.

2. China Mobile Limited (0941.HK)

Annual Revenue (2022): $131.8 Billion

China Mobile Limited (0941.HK) is a leading telecom company based in Hong Kong. The company engages in the provision of mobile voice and data business, broadband, and other services. The company also offers telecommunications network planning, design, and consulting services to name a few. China Mobile Limited (0941.HK) was founded in 1997 and has a market cap of $176.27 billion as of November 19, 2023.

1. Verizon Communications Inc. (NYSE:VZ)

Revenue (TTM) as of September 30, 2023: $134.1 Billion 

Verizon Communications Inc. (NYSE:VZ) is a leading telecom company based in the United States. The company engages in the provision of technology, information, and entertainment products and services to consumers, businesses, and the government. Verizon Communications Inc. (NYSE:VZ) was founded in 1983 and has a market cap of $154.96 billion as of November 19, 2023.

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