Telecom Service Providers Valuation Multiples and Public Comps

Telecom Service Providers

See analyst estimates and all valuation multiples for Telecom Service Providers

Company	EV	EV/Revenue	EV/EBITDA
T-Mobile US	$412B	5.0x	12.9x
Verizon	$344B	2.5x	7.0x
AT&T	$329B	2.7x	7.3x
Comcast	$229B	1.9x	6.0x
Deutsche Telekom	$208B	1.7x	4.4x
China Mobile	$196B	1.4x	4.1x
SoftBank Group	$181B	3.9x	8.5x
Charter Communications	$147B	2.7x	6.5x
NTT Group	$146B	1.6x	6.6x
Bharti Airtel	$131B	6.7x	12.6x
China Telecom Corp	$98.5B	1.3x	5.0x
SoftBank	$92.5B	2.2x	8.1x
KDDI	$85.5B	2.2x	7.2x
Vodafone	$65.0B	1.7x	5.5x
stc Group	$56.6B	2.8x	8.3x
BCE	$50.7B	3.0x	6.8x
Rogers	$48.3B	3.3x	7.1x
e&	$47.3B	2.9x	6.5x
Singtel	$47.0B	4.4x	16.5x
BT Group	$44.9B	1.7x	4.4x
TELUS	$43.9B	3.1x	8.5x
China Unicom	$37.6B	0.7x	2.7x
Vodafone Idea	$33.0B	6.5x	15.7x
Swisscom	$30.9B	2.4x	6.1x
Advanced Info Service	$30.9B	4.9x	9.3x
Chunghwa Telecom	$30.0B	4.3x	11.3x
Altice USA	$26.3B	3.0x	7.8x
Telenor	$25.3B	3.5x	8.1x
China United Network	$25.1B	0.5x	1.9x
Bouygues	$24.8B	0.4x	5.0x
Orange	$23.7B	0.6x	1.8x
Telefónica	$23.6B	0.6x	1.7x
Lumen	$21.0B	1.6x	6.1x
KPN	$20.5B	3.5x	7.7x
Telia	$20.4B	2.4x	6.9x
Frontier Communications	$19.7B	3.3x	8.7x
Telkom Indonesia	$18.9B	2.0x	4.0x
TIM	$18.5B	1.2x	3.8x
Telefônica Brasil	$17.0B	1.7x	4.2x
Liberty Broadband	$15.2B	15.1x	27.6x
Vodacom	$15.2B	1.9x	5.0x
MTN Group	$14.9B	1.5x	4.0x
HKT Trust and HKT	$14.9B	3.3x	8.4x
Mobily	$14.8B	3.0x	7.9x
SK Telecom	$14.1B	1.1x	3.6x
Taiwan Mobile	$13.4B	2.2x	10.4x
KT	$12.8B	0.7x	3.7x
PCCW	$12.1B	2.5x	6.9x
CelcomDigi	$11.9B	4.2x	9.0x
China Satellite	$11.7B	n/a	n/a
Liberty Global	$11.7B	2.7x	8.0x
Far EasTone	$11.6B	3.6x	10.5x
Ooredoo Qatar	$11.5B	1.8x	4.2x
Globe Telecom	$11.4B	3.6x	7.6x
Airtel Africa	$11.3B	2.3x	4.9x
Zain Group	$11.3B	1.8x	4.9x
Maroc Telecom	$11.2B	3.1x	5.8x
Tigo	$11.0B	1.9x	4.3x
Quebecor	$10.9B	2.8x	6.6x
Tele2	$10.9B	3.9x	9.6x
Axiata Group	$10.6B	2.0x	4.3x
PLDT	$10.5B	2.8x	5.7x
Zegona Communications	$10.4B	2.8x	7.1x
TDS	$10.1B	2.0x	8.5x
du	$9.6B	2.4x	5.4x
TPG Telecom	$9.3B	2.6x	7.4x
UScellular	$9.2B	2.5x	9.1x
TIM Brasil	$9.2B	2.1x	4.1x
Liberty Latin America	$8.9B	2.0x	5.5x
Elisa	$8.7B	3.8x	10.7x
Bharti Hexacom	$8.4B	8.7x	17.7x
Omantel	$8.3B	1.1x	3.0x
A1 Telekom Austria Group	$8.1B	1.4x	3.9x
Maxis	$8.0B	3.4x	8.6x
OTE	$7.1B	1.9x	4.9x
LG U+	$7.0B	0.7x	2.8x
Proximus	$6.9B	1.0x	3.5x
Turkcell	$6.9B	1.5x	3.4x
Safaricom	$6.9B	2.3x	5.0x
Telekom Malaysia	$6.6B	2.4x	6.1x
Bezeq Group	$6.6B	2.6x	6.3x
Türk Telekom	$6.2B	1.4x	3.6x
Tata Communications	$6.1B	2.3x	11.5x
VEON	$6.0B	1.5x	3.5x
Cogent Communications	$5.9B	5.6x	17.3x
MTN Nigeria	$5.6B	2.6x	6.5x
Sonae	$5.6B	0.6x	5.8x
United Internet	$5.6B	0.8x	3.9x
Cogeco Communications	$5.3B	2.6x	5.3x
Iridium	$5.1B	6.1x	10.7x
Zain Saudi Arabia	$5.1B	1.8x	5.7x
Cyfrowy Polsat	$5.0B	1.4x	5.6x
Cable One	$4.8B	3.1x	5.7x
XL Axiata	$4.5B	2.1x	4.1x
Orange Polska	$4.4B	1.4x	4.7x
Grameenphone	$4.4B	3.3x	5.5x
Televisa	$4.1B	1.3x	3.6x
Magyar Telekom	$3.9B	1.6x	4.3x
Cogeco	$3.9B	1.8x	3.8x
freenet	$3.8B	1.5x	7.0x
Tata Teleservices	$3.7B	n/a	n/a
Cablevision Holding	$3.6B	n/a	n/a
NOS	$3.6B	2.1x	4.6x
Hrvatski Telekom	$3.5B	3.1x	7.2x
Entel	$3.5B	1.2x	4.2x
MTNL Delhi	$3.4B	n/a	n/a
Orange Belgium	$3.2B	1.6x	5.8x
Merit Interactive Co	$3.2B	n/a	n/a
B Communications	$3.0B	n/a	n/a
Almendral	$2.9B	n/a	n/a
Megacable	$2.8B	1.7x	3.9x
Telecom Egypt	$2.7B	1.7x	4.3x
Digi Communications	$2.7B	1.3x	3.7x
Beyon	$2.6B	2.2x	5.5x
Vodafone Qatar	$2.6B	2.9x	6.7x
1&1	$2.5B	0.6x	3.6x
Converge ICT	$2.4B	3.4x	5.6x
HKBN	$2.2B	1.6x	6.9x
StarHub	$2.1B	1.2x	6.0x
Axtel	$2.1B	3.7x	11.9x
Oi	$2.0B	n/a	n/a
Tuas	$1.9B	19.5x	46.0x
Tele Columbus	$1.9B	4.1x	9.7x
Cellcom Israel	$1.9B	n/a	n/a
Telecom Plus	$1.8B	0.8x	10.0x
Time Dotcom	$1.8B	4.6x	10.6x
Telkom South Africa	$1.8B	0.8x	3.0x
Fujian Star-Net	$1.7B	n/a	n/a
Vtech	$1.7B	0.8x	6.8x
Smartfren	$1.7B	n/a	n/a
Partner Communications Co.	$1.7B	n/a	n/a
Ooredoo	$1.7B	0.7x	1.9x
Jishi Media	$1.6B	n/a	n/a
stc Kuwait	$1.6B	1.4x	5.7x
CITIC Telecom International	$1.5B	n/a	n/a
Telefónica Perú	$1.5B	n/a	n/a
Gamma Communications	$1.5B	2.0x	9.2x
WideOpenWest	$1.4B	2.2x	4.9x
Macquarie Technology Group	$1.3B	5.6x	18.5x
Okinawa Cellular	$1.3B	2.3x	7.9x
Space42	$1.2B	n/a	n/a
Chief Telecom	$1.1B	9.5x	23.2x
Telia Lietuva	$1.1B	n/a	n/a
IDT	$1.0B	0.9x	n/a
Jordan Telecom	$1.0B	n/a	n/a
RailTel	$1000M	2.8x	17.3x
MTN Ghana	$991M	0.9x	1.6x
Telekom Slovenije	$990M	n/a	n/a
Pakistan Telecom	$988M	n/a	n/a
Nepal Telecom	$976M	n/a	n/a
Shentel	$975M	2.9x	9.7x
ATN International	$877M	1.2x	4.7x
Etihad Atheeb Telecom	$834M	n/a	n/a
Guangdong South New Media	$788M	3.6x	8.4x
Sterlite Technologies	$776M	1.3x	13.4x
Dialog Axiata	$717M	1.2x	n/a
SLTMobitel	$684M	n/a	n/a
LINK Mobility Group	$682M	1.1x	10.6x
Route Mobile	$657M	1.3x	10.4x
IndoInternet	$649M	n/a	n/a
Makedonski Telekom	$582M	n/a	n/a
Sonaecom	$553M	n/a	n/a
Blue Label Telecoms	$539M	n/a	n/a
SmarTone	$516M	0.7x	1.7x
GO plc	$490M	n/a	n/a
Ooredoo Oman	$477M	0.7x	1.9x
T-Gaia	$460M	0.2x	5.8x
Comba Telecom	$418M	n/a	n/a
Telefónica Chile	$390M	n/a	n/a
Desktop Sigmanet	$352M	1.7x	3.4x
Avantel	$343M	n/a	n/a
Jasmine International	$338M	n/a	n/a
Vision	$296M	1.2x	n/a
Kinx	$271M	2.9x	n/a
Ovzon	$242M	7.4x	84.9x
Nelco	$223M	n/a	n/a
Hutchison Telecom	$206M	n/a	n/a
Intred	$206M	3.5x	7.9x
Bredband2	$193M	1.2x	7.2x
Hutchison	$186M	0.3x	1.0x
Crexendo	$174M	2.8x	25.0x
Tessellis	$154M	n/a	n/a
Zain Bahrain	$148M	n/a	n/a
Dish TV India	$132M	0.6x	1.7x
Unidata	$122M	1.1x	4.2x
Ooredoo Palestine	$102M	n/a	n/a
FingerMotion	$80.4M	2.2x	n/a
Ecotel	$55.8M	0.5x	6.2x
ET Bogotá	$41.0M	n/a	n/a
uCloudlink	$17.9M	0.2x	1.8x
Surgepays	$8.4M	0.1x	-0.5x
Sonim Technologies	$3.5M	n/a	n/a
APSTAR	$3.0M	n/a	n/a
UTStarcom	-$19.7M	n/a	n/a
Telebras	-$25.9M	n/a	n/a