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/LTM Revenue	EV/LTM EBITDA
T-Mobile US	$367B	4.4x	11.2x
Verizon	$338B	2.5x	6.8x
AT&T	$331B	2.7x	7.3x
Deutsche Telekom	$326B	2.4x	6.1x
Comcast	$220B	1.8x	5.8x
China Mobile	$203B	1.4x	4.3x
SoftBank Group	$200B	3.9x	6.2x
Bharti Airtel	$156B	7.3x	13.3x
NTT Group	$150B	1.6x	6.4x
Charter Communications	$147B	2.7x	6.5x
SoftBank	$101B	2.2x	8.3x
KDDI	$88.9B	2.1x	7.0x
China Telecom	$86.3B	1.2x	4.4x
Vodafone	$71.8B	1.6x	5.6x
Singtel	$61.0B	5.5x	20.2x
stc Group	$54.5B	2.6x	8.2x
BT Group	$54.3B	2.0x	4.8x
BCE	$53.0B	3.0x	6.8x
Rogers	$52.6B	3.4x	7.4x
e&	$51.3B	2.9x	6.6x
Telstra	$48.1B	3.1x	8.6x
TELUS	$46.4B	3.1x	8.5x
Swisscom	$40.0B	2.4x	5.9x
Orange	$35.5B	0.7x	2.4x
Vodafone Idea	$35.1B	6.7x	15.9x
Chunghwa Telecom	$34.3B	4.3x	11.3x
China Unicom	$32.5B	0.6x	2.3x
Advanced Info Service	$32.1B	4.8x	9.0x
Telenor	$30.2B	3.8x	8.7x
Bouygues	$29.4B	0.4x	5.1x
Telefónica	$27.0B	0.6x	1.9x
Altice USA	$26.6B	3.0x	7.9x
KPN	$26.1B	3.9x	8.4x
TIM	$23.9B	1.4x	4.6x
Telia	$22.2B	2.5x	6.7x
China United Network	$21.8B	0.4x	1.6x
Telefônica Brasil	$20.9B	2.0x	4.8x
Lumen	$20.5B	1.6x	6.1x
Frontier Comms Parent Inc	$20.4B	3.4x	8.8x
Telkom Indonesia	$19.0B	2.0x	4.1x
Vodacom	$18.3B	2.1x	5.6x
MTN Group	$18.1B	1.6x	4.1x
HKT Trust and HKT	$17.4B	3.9x	9.8x
Liberty Broadband	$16.3B	15.6x	49.2x
KT	$15.1B	0.8x	3.7x
Airtel Africa	$14.8B	2.8x	5.9x
SK Telecom	$14.8B	1.1x	3.8x
Maroc Telecom	$14.5B	3.4x	6.6x
Taiwan Mobile	$14.1B	2.0x	9.6x
Mobily	$13.8B	2.7x	7.1x
Tele2	$13.8B	4.4x	10.5x
CelcomDigi	$13.7B	4.5x	9.9x
Zegona Communications	$13.3B	3.3x	7.6x
Tigo	$13.1B	2.3x	5.2x
Quebecor	$12.6B	3.0x	7.2x
Zain Group	$12.6B	1.8x	5.3x
Ooredoo Qatar	$12.4B	1.8x	4.4x
Axiata Group	$12.2B	2.8x	5.8x
PCCW	$12.2B	2.5x	7.2x
du	$11.9B	2.9x	6.5x
Far EasTone Telecom Co	$11.9B	3.2x	9.3x
Liberty Global	$11.6B	2.6x	9.2x
Bharti Hexacom	$11.2B	10.7x	21.4x
TIM Brasil	$11.2B	2.3x	4.6x
Sunrise Communications	$11.1B	2.9x	7.5x
TPG Telecom	$10.9B	3.0x	8.4x
China Satellite	$10.8B	n/a	n/a
Elisa	$10.5B	4.0x	11.2x
PLDT	$10.5B	2.7x	5.4x
Globe Telecom	$10.3B	3.2x	6.6x
TDS	$10.1B	2.1x	8.2x
A1 Telekom Austria Group	$9.9B	1.5x	4.0x
UScellular	$9.5B	2.6x	9.8x
Safaricom	$9.2B	2.9x	6.3x
Liberty Latin America	$9.0B	2.0x	5.7x
Omantel	$8.9B	1.1x	3.2x
Maxis	$8.7B	3.4x	8.8x
LG U+	$8.7B	0.8x	3.3x
United Internet	$8.4B	1.1x	5.4x
Proximus	$8.3B	1.1x	3.7x
OTE	$8.0B	1.9x	4.9x
MTN Nigeria	$7.4B	2.7x	6.1x
Bezeq Group	$7.4B	3.0x	6.6x
Sonae	$7.2B	0.6x	6.1x
Tata Communications	$7.0B	2.5x	12.6x
Telekom Malaysia	$6.8B	2.4x	6.3x
Türk Telekom	$6.4B	1.3x	3.4x
VEON	$6.2B	1.5x	3.5x
Turkcell	$6.1B	1.2x	2.9x
Cyfrowy Polsat	$5.9B	1.5x	6.2x
PT XLSmart Telecom	$5.7B	2.3x	4.6x
Cogeco Communications	$5.4B	2.5x	5.1x
Iridium	$5.2B	6.1x	10.8x
Orange Polska	$5.2B	1.4x	5.0x
Magyar Telekom	$5.1B	1.7x	4.5x
Zain Saudi Arabia	$5.0B	1.8x	5.6x
Cogent Communications	$4.8B	4.7x	14.3x
1&1	$4.3B	0.9x	6.4x
Televisa	$4.3B	1.3x	3.9x
NOS	$4.2B	2.0x	4.6x
Cablevision Holding	$4.1B	n/a	n/a
Cable One	$4.1B	2.7x	5.0x
Digi Communications	$3.9B	1.6x	4.6x
Cogeco	$3.9B	1.7x	3.6x
Globalstar	$3.9B	15.1x	28.7x
Tata Teleservices	$3.8B	n/a	n/a
Orange Belgium	$3.8B	1.6x	6.0x
Megacable	$3.8B	2.0x	4.5x
freenet	$3.7B	1.3x	6.1x
Grameenphone	$3.7B	2.8x	4.7x
MTNL Delhi	$3.6B	n/a	n/a
Hrvatski Telekom	$3.6B	n/a	n/a
Entel	$3.5B	1.1x	4.0x
B Communications	$3.1B	n/a	n/a
Axtel	$3.0B	4.7x	15.3x
Vodafone Qatar	$3.0B	3.2x	7.6x
Almendral	$2.9B	n/a	n/a
Telecom Egypt	$2.8B	1.5x	3.9x
Beyon	$2.7B	n/a	n/a
Converge ICT	$2.6B	3.4x	5.6x
Telecom Plus	$2.3B	0.9x	11.4x
Space42	$2.3B	n/a	n/a
HKBN	$2.3B	1.7x	7.5x
Tele Columbus	$2.2B	4.4x	10.4x
Time Dotcom	$2.2B	5.3x	12.9x
StarHub	$2.2B	1.2x	6.1x
Cellcom Israel	$2.1B	1.6x	n/a
Fujian Star-Net	$2.1B	0.8x	15.3x
Oi	$2.0B	n/a	n/a
Telkom South Africa	$2.0B	0.8x	3.1x
Partner Communications Co.	$2.0B	2.0x	n/a
Merit Interactive Co	$1.9B	n/a	n/a
Ooredoo	$1.7B	0.7x	1.9x
stc Kuwait	$1.7B	1.4x	5.8x
Okinawa Cellular	$1.6B	2.8x	9.6x
Vtech	$1.6B	0.7x	6.7x
Jishi Media	$1.6B	n/a	n/a
Tuas	$1.5B	17.7x	41.7x
CITIC Telecom International	$1.5B	1.2x	5.9x
WideOpenWest	$1.4B	2.3x	4.8x
RailTel	$1.3B	3.2x	20.7x
Telia Lietuva	$1.3B	n/a	n/a
Shentel	$1.2B	3.6x	11.6x
IDT	$1.2B	1.0x	n/a
Gamma Communications	$1.2B	1.4x	6.5x
MTN Ghana	$1.2B	n/a	n/a
Telekom Slovenije	$1.2B	n/a	n/a
Macquarie Technology Group	$1.1B	4.6x	15.0x
Chief Telecom	$1.1B	8.1x	24.8x
Pakistan Telecom	$1.1B	n/a	n/a
Jordan Telecom	$1.0B	n/a	n/a
Blue Label Telecoms	$958M	n/a	n/a
Nepal Telecom	$946M	n/a	n/a
Telefónica Perú	$937M	n/a	n/a
Guangdong South New Media	$934M	4.2x	9.1x
LINK Mobility Group	$914M	1.3x	11.7x
ATN International	$885M	1.2x	4.9x
Dialog Axiata	$885M	1.5x	n/a
Sterlite Technologies	$836M	1.7x	15.0x
Etihad Atheeb Telecom	$775M	2.0x	8.7x
IndoInternet	$708M	n/a	n/a
Sonaecom	$692M	n/a	n/a
Makedonski Telekom	$671M	n/a	n/a
Comba Telecom	$661M	1.1x	n/a
SLTMobitel	$640M	n/a	n/a
Route Mobile	$625M	1.1x	10.0x
GO plc	$571M	n/a	n/a
Ovzon	$558M	9.2x	33.7x
SmarTone	$556M	n/a	n/a
Avantel	$477M	n/a	n/a
Ooredoo Oman	$474M	0.7x	1.9x
Telefónica Chile	$440M	n/a	n/a
Desktop Sigmanet	$396M	1.8x	3.5x
Jasmine International	$372M	n/a	n/a
Kinx	$346M	n/a	n/a
Eltel	$298M	0.3x	5.6x
Vision	$298M	1.1x	n/a
Hutchison	$259M	0.4x	n/a
Bredband2	$258M	1.4x	8.5x
Nelco	$243M	n/a	n/a
Hutchison Telecom	$227M	n/a	n/a
Intred	$216M	3.2x	7.2x
Ooredoo Palestine	$181M	n/a	n/a
Tessellis	$162M	n/a	n/a
Zain Bahrain	$156M	n/a	n/a
Unidata	$153M	1.2x	4.5x
Crexendo	$148M	2.3x	18.0x
Parlem Telecom Companyia	$112M	1.8x	16.5x
Transtema Group	$107M	0.4x	5.3x
Dish TV India	$106M	0.6x	1.6x
FingerMotion	$93.4M	n/a	n/a
Ecotel	$63.2M	0.5x	5.1x
Surgepays	$58.7M	0.7x	-3.3x
uCloudlink	$56.2M	0.6x	9.4x
Planetel	$54.2M	1.1x	4.6x
PHarol SGPS	$41.6M	n/a	n/a
Lleidanetworks Serveis	$30.6M	n/a	n/a
ET Bogotá	$30.5M	n/a	n/a
Optare Solutions	$28.9M	n/a	n/a
Convergenze	$21.3M	0.6x	3.4x
Softlab	$19.8M	n/a	n/a
Eurotel	$18.0M	n/a	n/a
Korbank	$15.5M	n/a	n/a
DG-Net	$15.2M	n/a	n/a
Sonim Technologies	$14.6M	0.3x	n/a
Wasko	$14.1M	n/a	n/a
Telestrada	$10.4M	n/a	n/a
Nord General	$9.9M	n/a	n/a
Richtech Digital	$4.9M	n/a	n/a
My Beat	$4.2M	n/a	n/a
Przedsiebiorstwo	$3.9M	n/a	n/a
ECL	$3.5M	n/a	n/a
TH1NG	$0.9M	n/a	n/a
Aiton Caldwell	$0.9M	n/a	n/a
UTStarcom	-$18.8M	-1.7x	n/a
Telebras	-$32.0M	n/a	n/a
APSTAR	-$61.1M	n/a	n/a