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	$408B	4.9x	12.6x
Verizon	$353B	2.6x	7.2x
AT&T	$333B	2.7x	7.4x
Deutsche Telekom	$314B	2.5x	6.6x
Comcast	$220B	1.8x	5.8x
China Mobile	$197B	1.4x	4.2x
SoftBank Group	$158B	3.3x	5.7x
Bharti Airtel	$150B	7.3x	13.7x
NTT Group	$148B	1.6x	6.7x
Charter Communications	$143B	2.6x	6.3x
SoftBank	$95.7B	2.2x	8.3x
KDDI	$89.7B	2.3x	7.5x
China Telecom	$89.5B	1.2x	4.6x
Vodafone	$70.0B	1.7x	5.7x
Telefónica	$64.6B	1.5x	5.2x
stc Group	$60.9B	3.0x	9.4x
Singtel	$52.9B	4.9x	18.4x
e&	$51.3B	3.0x	6.9x
BCE	$49.1B	2.9x	6.6x
BT Group	$47.8B	1.8x	4.6x
Rogers	$46.5B	3.2x	6.9x
Telstra	$42.7B	2.9x	8.1x
TELUS	$42.2B	2.9x	8.2x
Vodafone Idea	$35.8B	7.0x	16.7x
Swisscom	$33.7B	2.4x	6.1x
China Unicom	$31.6B	0.6x	2.3x
Orange	$30.7B	0.7x	2.2x
Advanced Info Service	$30.3B	4.8x	9.1x
Chunghwa Telecom	$29.5B	4.2x	11.2x
Telenor	$27.7B	3.7x	8.4x
Altice USA	$26.1B	3.0x	7.8x
Bouygues	$25.0B	0.4x	4.8x
KPN	$23.7B	3.9x	8.6x
Telia	$22.2B	2.6x	7.1x
China United Network	$21.8B	0.4x	1.7x
Frontier Comms Parent Inc	$19.8B	3.3x	8.7x
Lumen	$19.6B	1.5x	5.8x
TIM	$18.7B	1.2x	3.7x
Telkom Indonesia	$17.7B	1.9x	3.8x
Telefônica Brasil	$17.4B	1.8x	4.2x
Vodacom	$16.7B	2.0x	5.4x
HKT Trust and HKT	$15.7B	3.5x	8.8x
Mobily	$15.0B	3.0x	7.8x
Liberty Broadband	$14.8B	14.5x	48.2x
SK Telecom	$14.1B	1.2x	3.7x
MTN Group	$13.9B	1.3x	3.6x
Taiwan Mobile	$13.1B	2.1x	10.2x
Maroc Telecom	$12.8B	3.3x	6.4x
Airtel Africa	$12.8B	2.6x	5.6x
CelcomDigi	$12.4B	4.3x	9.3x
Tele2	$12.3B	4.2x	10.2x
KT	$11.9B	0.7x	3.4x
Tigo	$11.5B	2.0x	4.5x
Quebecor	$11.5B	2.9x	6.9x
PCCW	$11.5B	2.4x	6.8x
Zain Group	$11.4B	1.8x	4.9x
Zegona Communications	$11.4B	2.8x	6.7x
Liberty Global	$11.4B	2.6x	8.4x
Ooredoo Qatar	$11.4B	1.7x	4.2x
Globe Telecom	$11.2B	3.5x	7.4x
Far EasTone Telecom Co	$11.0B	3.4x	9.9x
China Satellite	$10.5B	n/a	n/a
Axiata Group	$10.5B	2.1x	4.2x
PLDT	$10.4B	2.8x	5.5x
Bharti Hexacom	$10.0B	10.0x	20.2x
TDS	$10.0B	2.0x	7.9x
du	$9.9B	2.4x	5.5x
Sunrise Communications	$9.8B	2.9x	7.7x
TPG Telecom	$9.6B	2.8x	7.7x
UScellular	$9.5B	2.5x	9.4x
Elisa	$9.3B	3.9x	11.0x
TIM Brasil	$9.3B	2.1x	4.1x
Liberty Latin America	$8.6B	1.9x	5.6x
Omantel	$8.6B	1.1x	3.1x
A1 Telekom Austria Group	$8.5B	1.5x	3.9x
Maxis	$8.1B	3.4x	8.6x
United Internet	$7.6B	1.1x	5.3x
LG U+	$7.5B	0.8x	3.1x
OTE	$7.5B	1.9x	5.0x
Proximus	$6.9B	1.0x	3.4x
Tata Communications	$6.5B	2.4x	11.9x
Safaricom	$6.4B	2.1x	4.7x
Telekom Malaysia	$6.3B	2.3x	6.1x
Türk Telekom	$6.2B	1.3x	3.4x
Turkcell	$6.1B	1.3x	3.0x
Bezeq Group	$6.1B	2.8x	6.0x
VEON	$6.0B	1.5x	3.4x
Sonae	$5.7B	0.5x	5.4x
Zain Saudi Arabia	$5.5B	2.0x	6.2x
Cyfrowy Polsat	$5.5B	1.5x	6.1x
Cogeco Communications	$5.4B	2.6x	5.3x
MTN Nigeria	$5.2B	2.1x	5.1x
freenet	$5.0B	1.9x	9.1x
Orange Polska	$4.9B	1.5x	5.2x
Cable One	$4.9B	3.1x	5.8x
Cogent Communications	$4.8B	4.6x	14.0x
Magyar Telekom	$4.7B	1.8x	4.7x
XL Axiata	$4.4B	2.1x	4.1x
Iridium	$4.3B	5.1x	9.0x
Grameenphone	$4.1B	3.1x	5.1x
Cogeco	$4.0B	1.9x	3.9x
Televisa	$3.9B	1.3x	3.8x
NOS	$3.9B	2.2x	4.7x
Tata Teleservices	$3.6B	n/a	n/a
Cablevision Holding	$3.6B	n/a	n/a
Entel	$3.6B	1.2x	4.1x
MTNL Delhi	$3.4B	n/a	n/a
1&1	$3.4B	0.8x	5.3x
Orange Belgium	$3.3B	1.6x	5.8x
Hrvatski Telekom	$3.2B	n/a	n/a
Almendral	$3.0B	n/a	n/a
B Communications	$2.9B	n/a	n/a
Megacable	$2.9B	1.7x	3.9x
Axtel	$2.8B	4.8x	15.4x
Digi Communications	$2.8B	1.3x	3.2x
Converge ICT	$2.7B	3.7x	6.1x
Vodafone Qatar	$2.7B	3.0x	7.0x
Telecom Egypt	$2.6B	1.6x	3.9x
Globalstar	$2.6B	10.3x	19.4x
Beyon	$2.6B	2.2x	5.5x
HKBN	$2.2B	1.6x	7.4x
StarHub	$2.1B	1.2x	6.0x
Tele Columbus	$2.0B	4.3x	9.9x
Telecom Plus	$2.0B	0.8x	10.4x
Time Dotcom	$1.9B	4.8x	11.9x
Merit Interactive Co	$1.8B	n/a	n/a
Oi	$1.8B	n/a	n/a
Telkom South Africa	$1.8B	0.8x	3.0x
Cellcom Israel	$1.7B	1.4x	n/a
Smartfren	$1.6B	n/a	n/a
Vtech	$1.6B	0.7x	n/a
Partner Communications Co.	$1.6B	1.7x	n/a
Space42	$1.6B	n/a	n/a
Tuas	$1.5B	14.8x	33.5x
Jishi Media	$1.5B	n/a	n/a
Ooredoo	$1.5B	n/a	n/a
stc Kuwait	$1.5B	n/a	n/a
Telefónica Perú	$1.5B	n/a	n/a
CITIC Telecom International	$1.4B	1.1x	5.4x
WideOpenWest	$1.4B	2.2x	4.8x
Fujian Star-Net	$1.3B	0.6x	10.2x
Gamma Communications	$1.3B	1.7x	7.8x
Okinawa Cellular	$1.3B	2.3x	8.0x
Telia Lietuva	$1.1B	n/a	n/a
Shentel	$1.1B	3.3x	10.8x
IDT	$1.1B	0.9x	n/a
RailTel	$1.0B	2.7x	17.2x
Jordan Telecom	$1.0B	n/a	n/a
Telekom Slovenije	$997M	n/a	n/a
Nepal Telecom	$979M	n/a	n/a
Chief Telecom	$977M	8.2x	29.2x
Macquarie Technology Group	$923M	4.0x	13.0x
MTN Ghana	$904M	0.8x	1.4x
Pakistan Telecom	$902M	n/a	n/a
ATN International	$895M	1.2x	4.9x
Etihad Atheeb Telecom	$760M	2.1x	10.9x
Sterlite Technologies	$733M	1.2x	12.3x
Dialog Axiata	$711M	1.2x	n/a
Guangdong South New Media	$692M	3.1x	6.7x
LINK Mobility Group	$685M	1.0x	9.8x
Route Mobile	$650M	1.2x	10.3x
SLTMobitel	$645M	n/a	n/a
Makedonski Telekom	$620M	n/a	n/a
Sonaecom	$605M	n/a	n/a
Blue Label Telecoms	$564M	n/a	n/a
IndoInternet	$510M	n/a	n/a
Comba Telecom	$505M	0.9x	n/a
GO plc	$505M	n/a	n/a
SmarTone	$489M	0.6x	1.6x
Telefónica Chile	$432M	n/a	n/a
Ooredoo Oman	$381M	0.6x	1.6x
Avantel	$362M	n/a	n/a
Ovzon	$360M	9.3x	53.8x
Desktop Sigmanet	$357M	1.7x	3.4x
Vision	$331M	1.4x	n/a
Jasmine International	$323M	n/a	n/a
Kinx	$290M	n/a	n/a
Nelco	$245M	n/a	n/a
Bredband2	$213M	1.2x	7.4x
Intred	$204M	3.3x	7.6x
Hutchison	$181M	0.3x	1.0x
Zain Bahrain	$143M	n/a	n/a
Hutchison Telecom	$141M	n/a	n/a
Tessellis	$140M	n/a	n/a
Unidata	$136M	1.2x	4.4x
Crexendo	$108M	1.7x	13.9x
Dish TV India	$104M	n/a	n/a
Ooredoo Palestine	$87.5M	n/a	n/a
FingerMotion	$86.7M	n/a	n/a
Ecotel	$50.8M	0.4x	4.8x
Surgepays	$43.6M	0.6x	-2.2x
ET Bogotá	$26.1M	n/a	n/a
uCloudlink	$7.6M	0.1x	1.2x
Richtech Digital	$3.3M	1.6x	1.8x
Sonim Technologies	$1.0M	0.0x	n/a
Telebras	-$6.1M	n/a	n/a
UTStarcom	-$20.0M	n/a	n/a
APSTAR	-$76.0M	n/a	n/a