May 2026
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Largest Telecom Infrastructure Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
Yangtze Optical Fibre, HENGTONG Group, China Tower, FiberHome and Glarun Technology.
 | Yangtze Optical Fibre and Cable Joint Stock Ltd Co is engaged in the Chinese communication equipment industry. It manufactures and sells optical fiber preforms, optical fibers with various standard specifications that are widely used in the telecommunications industry. It operates its business through three operating segments, optical fibers and optical fiber preforms; and Optical components and modules, optical fiber cables. The manufacture and sale of optical fiber cables provide the company with majority of its revenue. Its other products comprise of trunk cables, patch cords, plug-and-play modules, optical distribution frames, pigtails, adapter panels, splitters, and connecting cabinets. | $45 | +939% | $37B | $37B | 17.6x | 104.0x | ||
| Hengtong Optic-Electric Co Ltd provides fiber optic communication products in China and internationally. It offers optical rods, optical fiber, optical cable, optical devices, an optical network, ocean optical network products, data communication products, power transmission products, ocean engineering, quantum security communications, rail transit, and smart city products. | $12 | +453% | $30B | $31B | 3.1x | 41.6x | ||
| China Tower Corp Ltd is a telecommunications tower infrastructure service provider. The Company is principally engaged in the construction, maintenance, and operation of base station ancillary facilities such as telecommunications towers, public network coverage in high-speed railways and subways, and large-scale indoor Distributed Antenna Systems (DAS). The business of the company includes Tower business; DAS business; Smart Tower business and Energy business. The Group’s revenue is generated from the Three TSPs. | $1 | -10% | $23B | $34B | 2.3x | 3.5x | ||
| Fiberhome Telecommunication Technologies Co Ltd is a China-based company engaged in the manufacture and sales of communication equipment. Its main products include communication system equipment, optical fibers, cables and data networking products, such as the optical networking products, Internet protocol (IP) data products, broadband access products, optical fibers and cable products, wireless communication products and power supplies, as well as the optoelectronic devices. The company mainly distributes its products in domestic and overseas markets. | $7 | +140% | $10B | $11B | 3.0x | 17.0x | ||
| Glarun Technology Co Ltd is involved in fields associated with electronic information technology from high starting points and focuses on the growth and development in aspects of traffic electronics, supply chain integration service, microwave and communication, software and information service, energy electronics and other relevant industries. Its business fields include Rail transit; Air traffic; Intelligent transportation and Maritime traffic. | $3 | -27% | $4B | $4B | 8.0x | 33.3x | ||
| China Communications Services Corp Ltd is active in the technology sector. It provides integrated comprehensive solutions for the informatization and digitalization sector. It provides integrated solutions, including telecommunications infrastructure services, business process outsourcing services as well as applications, content, and other services to telecommunications operators, government agencies, industrial customers, and small-and-medium enterprises. The Company principally has one operating segment, which is the provision of integrated comprehensive smart solutions in the field of informatization and digitalization. | $1 | 0% | $4B | $1B | 0.1x | 1.6x | ||
| Cetc Potevio Science & Technology Co Ltd formerly Gci Science & Technology Co Ltd is a China-based company engaged in the provision of telecommunication network construction technical services and products. It mainly provides public network integrated solutions and special network integrated solutions. The company's network products include network coverage products, network access equipment and communication series printed circuit boards. | $3 | -9% | $2B | $2B | 2.7x | 71.3x | ||
| China Bester Group Telecom Co Ltd formerly known as Wuhan Bester Group Telecom Co Ltd is specialized in communications network technology services. It is engaged in planning, design, construction, maintenance, and optimization of communications networks for telecom operators in China. It offers full-service information solutions for governments, industries and enterprises. Further it offers personalized information services to the public. | $3 | +8% | $2B | $2B | 4.5x | 21.4x | ||
| Genew Technologies Co Ltd is engaged in design and sales of communication system equipment, and provide customers with professional and complete customized communication technology solutions. The company's product categories include Core Network; Copper Access Network; Unified Communication; Optical Transmission Network; Optical Access Network; and Ethernet Switch. | $7 | +71% | $1B | $1B | 9.9x | 762.9x | ||
| UTStarcom Holdings Corp is providing telecommunication network products, solutions and services. It focus on delivering carrier-class packet optical, network synchronization and broadband access (both wireless and fixed line) products and solutions, coupled with Software Defined Networking (SDN) platform, optimized for mobile backhaul, metro aggregation, broadband access and value added services. The business activity of the firm is operated through the Equipment and Service segment. The Equipment segment is focused on equipment sales, including network infrastructure and application products, and the Service segment is engaged in providing services and support of equipment products and also the new operational support. Key revenue is generated from Equipment segment. | $3 | -2% | $26M | ($7M) | (0.8x) | 0.9x | ||
| Median | $3 | +4% | $4B | $3B | 3.1x | 27.4x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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