🚀 VC round data is live in beta, check it out!

Public Comps and Valuation Multiples for Telecom Service Providers

Benchmark revenue and EBITDA valuation multiples for public comps like
China Mobile, T-Mobile US, SoftBank Group, Verizon and AT&T.

Select Vertical

Telecom Service Providers

Viewing 50 of 262 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
China Mobile	$235B	$205B	$153B	1.3x	4.2x
T-Mobile US	$214B	$331B	$90B	3.7x	9.5x
SoftBank Group	$209B	$319B	$48B	6.6x	8.4x
Verizon	$197B	$360B	$140B	2.6x	7.1x
AT&T	$185B	$322B	$127B	2.5x	6.9x
Deutsche Telekom	$155B	$311B	$141B	2.2x	5.8x
Bharti Airtel	$120B	$136B	$23B	6.0x	10.6x
Comcast	$114B	$199B	$123B	1.6x	5.5x
América Móvil	$77B	$116B	$55B	2.1x	5.4x
NTT Group	$77B	$159B	$89B	1.8x	7.5x
China Telecom	$77B	$67B	$77B	0.9x	3.3x
SoftBank	$66B	$94B	$44B	2.2x	8.2x
KDDI	$62B	$73B	$38B	1.9x	6.2x
Singtel	$61B	$67B	$11B	5.9x	21.2x
stc Group	$57B	$57B	$21B	2.7x	8.5x
Orange	$54B	$45B	$48B	0.9x	2.9x
e&	$45B	$56B	$20B	2.7x	6.3x
Swisscom	$44B	$48B	$19B	2.5x	5.5x
Telstra	$43B	$55B	$17B	3.3x	8.9x
Vodafone	$36B	$80B	$48B	1.7x	5.9x
Chunghwa Telecom	$34B	$33B	$8B	4.3x	11.6x
Advanced Info Service	$32B	$37B	$7B	5.2x	9.7x
Charter Communications	$30B	$127B	$55B	2.3x	5.6x
China Unicom	$29B	$26B	$57B	0.4x	1.8x
BT Group	$28B	$58B	$27B	2.2x	5.2x
Telefónica	$26B	$64B	$41B	1.6x	5.2x
Telefônica Brasil	$25B	$28B	$12B	2.3x	5.6x
Telenor	$24B	$33B	$8B	4.1x	9.1x
China Satellite	$24B	$23B	—	—	—
Bouygues	$23B	$32B	$67B	0.5x	5.3x
BCE	$22B	$55B	$18B	3.0x	7.0x
MTN Group	$22B	$23B	$14B	1.6x	3.6x
KPN	$21B	$28B	$7B	4.0x	8.6x
China United Network	$21B	$19B	$57B	0.3x	1.4x
Telia	$20B	$28B	$9B	3.1x	7.8x
Rogers	$20B	$52B	$16B	3.2x	7.2x
TELUS	$19B	$41B	$15B	2.7x	7.4x
Airtel Africa	$18B	$23B	$6B	3.6x	7.3x
TIM	$17B	$29B	$16B	1.8x	5.4x
Vodacom	$17B	$20B	$10B	2.0x	5.2x
Telkom Indonesia	$17B	$19B	$9B	2.2x	4.4x
True Corporation	$15B	$28B	$6B	4.5x	8.1x
SK Telecom	$14B	$20B	$12B	1.7x	6.0x
Tele2	$14B	$17B	$3B	5.1x	11.4x
Tigo	$14B	$22B	$7B	3.4x	7.3x
Mobily	$13B	$15B	$5B	2.8x	7.3x
du	$13B	$13B	$4B	2.9x	6.2x
MTN Nigeria	$13B	$14B	$4B	3.4x	6.3x
TIM Brasil	$12B	$14B	$5B	2.7x	5.3x
HKT Trust and HKT	$12B	$18B	$5B	3.8x	9.8x
Ooredoo Qatar	$12B	$X.XB	$7B	X.Xx	X.Xx
Vodafone Idea	$11B	$X.XB	$5B	X.Xx	X.Xx
Far EasTone	$11B	$X.XB	$4B	X.Xx	X.Xx
Taiwan Mobile	$11B	$X.XB	$6B	X.Xx	X.Xx
Globalstar	$10B	$X.XB	$280M	X.Xx	X.Xx
KT	$10B	$X.XB	$19B	X.Xx	X.Xx
Mobile TeleSystems	$10B	$X.XB	—	X.Xx	X.Xx
Frontier Comms Parent Inc	$10B	$X.XB	$6B	X.Xx	X.Xx
Maroc Telecom	$9B	$X.XB	$4B	X.Xx	X.Xx
Safaricom	$9B	$X.XB	$3B	X.Xx	X.Xx
Lumen	$9B	$X.XB	$12B	X.Xx	X.Xx
Quebecor	$9B	$X.XB	$4B	X.Xx	X.Xx
CelcomDigi	$9B	$X.XB	$3B	X.Xx	X.Xx
OTE	$9B	$X.XB	$4B	X.Xx	X.Xx
Bharti Hexacom	$8B	$X.XB	$1B	X.Xx	X.Xx
Liberty Broadband	$8B	$X.XB	$566M	X.Xx	X.Xx
Zain Group	$8B	$X.XB	$8B	X.Xx	X.Xx
Elisa	$8B	$X.XB	$3B	X.Xx	X.Xx
Moratelindo	$8B	$X.XB	—	X.Xx	X.Xx
Bezeq Group	$8B	$X.XB	$3B	X.Xx	X.Xx
A1 Telekom Austria	$8B	$X.XB	$7B	X.Xx	X.Xx
Telefonica Deutschland	$8B	$X.XB	$9B	X.Xx	X.Xx
MTN Ghana	$8B	$X.XB	$2B	X.Xx	X.Xx
Maxis	$7B	$X.XB	$3B	X.Xx	X.Xx
Telekom Malaysia	$7B	$X.XB	$3B	X.Xx	X.Xx
SES	$6B	$X.XB	$3B	X.Xx	X.Xx
PCCW	$6B	$X.XB	$5B	X.Xx	X.Xx
TPG Telecom	$6B	$X.XB	$4B	X.Xx	X.Xx
Telecom Argentina	$6B	$X.XB	$6B	X.Xx	X.Xx
Zegona Communications	$6B	$X.XB	$4B	X.Xx	X.Xx
United Internet	$6B	$X.XB	$7B	X.Xx	X.Xx
Turkcell	$6B	$X.XB	$6B	X.Xx	X.Xx
Axiata Group	$5B	$X.XB	$3B	X.Xx	X.Xx
TDS	$5B	$X.XB	$1B	X.Xx	X.Xx
Orange Polska	$5B	$X.XB	$4B	X.Xx	X.Xx
Türk Telekom	$5B	$X.XB	$6B	X.Xx	X.Xx
1&1	$5B	$X.XB	$5B	X.Xx	X.Xx
LG U+	$5B	$X.XB	$11B	X.Xx	X.Xx
Tata Communications	$5B	$X.XB	$3B	X.Xx	X.Xx
Sinnet Technology	$5B	$X.XB	$1B	X.Xx	X.Xx
Orange Côte d’Ivoire	$5B	$X.XB	—	X.Xx	X.Xx
PLDT	$5B	$X.XB	$19B	X.Xx	X.Xx
Sonae	$4B	$X.XB	$13B	X.Xx	X.Xx
Sunrise Communications	$4B	$X.XB	$4B	X.Xx	X.Xx
Iridium	$4B	$X.XB	$875M	X.Xx	X.Xx
Liberty Global	$4B	$X.XB	$5B	X.Xx	X.Xx
Globe Telecom	$4B	$X.XB	—	X.Xx	X.Xx
VEON	$4B	$X.XB	$5B	X.Xx	X.Xx
freenet	$4B	$X.XB	$3B	X.Xx	X.Xx
Hrvatski Telekom	$4B	$X.XB	$1B	X.Xx	X.Xx
PT XLSmart Telecom	$3B	$X.XB	$3B	X.Xx	X.Xx
NOS	$3B	$X.XB	$2B	X.Xx	X.Xx
Telecom Egypt	$3B	$X.XB	$2B	X.Xx	X.Xx
NetLink NBN	$3B	$X.XB	$327M	X.Xx	X.Xx
Vodafone Qatar	$3B	$X.XB	$961M	X.Xx	X.Xx
Digi Communications	$3B	$X.XB	$3B	X.Xx	X.Xx
Megacable	$3B	$X.XB	$2B	X.Xx	X.Xx
Omantel	$3B	$X.XB	$9B	X.Xx	X.Xx
Jiangsu Broadcasting	$3B	$X.XB	—	X.Xx	X.Xx
Axtel	$3B	$X.XB	$724M	X.Xx	X.Xx
Time Dotcom	$3B	$X.XB	$469M	X.Xx	X.Xx
Zain Saudi Arabia	$3B	$X.XB	$3B	X.Xx	X.Xx
Sonatel	$3B	$X.XB	$4B	X.Xx	X.Xx
Grameenphone	$3B	$X.XB	$1B	X.Xx	X.Xx
Kyivstar Group	$3B	$X.XB	$1B	X.Xx	X.Xx
Ooredoo	$3B	$X.XB	—	X.Xx	X.Xx
Proximus	$3B	$X.XB	$7B	X.Xx	X.Xx
Chorus	$2B	$X.XB	$604M	X.Xx	X.Xx
Partner Communications Co.	$2B	$X.XB	$1B	X.Xx	X.Xx
Tuas	$2B	$X.XB	$137M	X.Xx	X.Xx
Spark New Zealand	$2B	$X.XB	$2B	X.Xx	X.Xx
Fujian Star-Net	$2B	$X.XB	$3B	X.Xx	X.Xx
Merit Interactive	$2B	$X.XB	—	X.Xx	X.Xx
stc Kuwait	$2B	$X.XB	$1B	X.Xx	X.Xx
Cyfrowy Polsat	$2B	$X.XB	$4B	X.Xx	X.Xx
Wasu Media Holding	$2B	$X.XB	—	X.Xx	X.Xx
Beyon	$2B	$X.XB	—	X.Xx	X.Xx
Vtech	$2B	$X.XB	—	X.Xx	X.Xx
GMO Internet group	$2B	$X.XB	$2B	X.Xx	X.Xx
Cellcom Israel	$2B	$X.XB	—	X.Xx	X.Xx
Okinawa Cellular	$2B	$X.XB	$547M	X.Xx	X.Xx
Cogeco Communications	$2B	$X.XB	$2B	X.Xx	X.Xx
Space42	$2B	$X.XB	—	X.Xx	X.Xx
CITIC Guoan Information	$2B	$X.XB	—	X.Xx	X.Xx
Liberty Latin America	$2B	$X.XB	$4B	X.Xx	X.Xx
Telkom South Africa	$2B	$X.XB	$3B	X.Xx	X.Xx
Televisa	$2B	$X.XB	$3B	X.Xx	X.Xx
Orange Belgium	$2B	$X.XB	$2B	X.Xx	X.Xx
Guizhou Broadcasting & TV	$2B	$X.XB	—	X.Xx	X.Xx
HKBN	$2B	$X.XB	$1B	X.Xx	X.Xx
Beijing Gehua CATV	$2B	$X.XB	$360M	X.Xx	X.Xx
Telecom Plus	$2B	$X.XB	$3B	X.Xx	X.Xx
Converge ICT	$2B	$X.XB	—	X.Xx	X.Xx
Jishi Media	$2B	$X.XB	—	X.Xx	X.Xx
Telia Lietuva	$1B	$X.XB	—	X.Xx	X.Xx
Sterlite Technologies	$1B	$X.XB	$491M	X.Xx	X.Xx
StarHub	$1B	$X.XB	$2B	X.Xx	X.Xx
CITIC Telecom International	$1B	$X.XB	$1B	X.Xx	X.Xx
Guangdong South New Media	$1B	$X.XB	$238M	X.Xx	X.Xx
Macquarie Technology Group	$1B	$X.XB	$271M	X.Xx	X.Xx
IDT	$1B	$X.XB	$1B	X.Xx	X.Xx
Jefferson Capital	$1B	$X.XB	$636M	X.Xx	X.Xx
Entel	$1B	$X.XB	$3B	X.Xx	X.Xx
Superloop	$1B	$X.XB	$453M	X.Xx	X.Xx
GMO internet	$1B	$X.XB	$509M	X.Xx	X.Xx
Cogent Communications	$1B	$X.XB	$978M	X.Xx	X.Xx
Gamma Communications	$1B	$X.XB	$875M	X.Xx	X.Xx
Aussie Broadband	$1B	$X.XB	$909M	X.Xx	X.Xx
RailTel Corporation	$1B	$X.XB	$448M	X.Xx	X.Xx
Sonaecom	$1B	$X.XB	—	X.Xx	X.Xx
Nepal Telecom	$1B	$X.XB	—	X.Xx	X.Xx
Jordan Telecom	$1B	$X.XB	—	X.Xx	X.Xx
Telekom Slovenije	$1B	$X.XB	—	X.Xx	X.Xx
Dialog Axiata	$973M	$X.XB	$591M	X.Xx	X.Xx
Pakistan Telecom	$971M	$X.XB	—	X.Xx	X.Xx
Cablevision Holding	$963M	$X.XB	—	X.Xx	X.Xx
Shentel	$945M	$X.XB	$363M	X.Xx	X.Xx
Tata Teleservices	$944M	$X.XB	—	X.Xx	X.Xx
Chief Telecom	$893M	$X.XB	—	X.Xx	X.Xx
Etihad GO Telecom	$841M	$X.XB	—	X.Xx	X.Xx
Shenzhen Topway Video	$828M	$X.XB	—	X.Xx	X.Xx
Makedonski Telekom	$825M	$X.XB	—	X.Xx	X.Xx
Optimum Communications	$786M	$X.XB	$8B	X.Xx	X.Xx
LINK Mobility Group	$745M	$X.XB	$798M	X.Xx	X.Xx
Hutchison	$720M	$X.XB	—	X.Xx	X.Xx
Ovzon	$713M	$X.XB	$92M	X.Xx	X.Xx
SmarTone	$703M	$X.XB	$802M	X.Xx	X.Xx
Cable One	$651M	$X.XB	$1B	X.Xx	X.Xx
Comba Telecom	$640M	$X.XB	—	X.Xx	X.Xx
Bahnhof	$634M	$X.XB	—	X.Xx	X.Xx
Ooredoo Oman	$612M	$X.XB	$629M	X.Xx	X.Xx
Tele Columbus	$597M	$X.XB	—	X.Xx	X.Xx
Telefónica Chile	$575M	$X.XB	—	X.Xx	X.Xx
IndoInternet	$563M	$X.XB	—	X.Xx	X.Xx
SLTMobitel	$556M	$X.XB	—	X.Xx	X.Xx
Unifique Telecom	$547M	$X.XB	$241M	X.Xx	X.Xx
Ooredoo Palestine	$542M	$X.XB	—	X.Xx	X.Xx
Almendral	$533M	$X.XB	—	X.Xx	X.Xx
Cell C	$530M	$X.XB	—	X.Xx	X.Xx
Blu Label Unlimited Group	$512M	$X.XB	—	X.Xx	X.Xx
APSTAR	$453M	$X.XB	—	X.Xx	X.Xx
ATN International	$450M	$X.XB	$730M	X.Xx	X.Xx
Cogeco	$435M	$X.XB	$2B	X.Xx	X.Xx
Desktop Sigmanet	$426M	$X.XB	$253M	X.Xx	X.Xx
Shaanxi BC & TV Network	$359M	$X.XB	—	X.Xx	X.Xx
Kinx	$355M	$X.XB	—	X.Xx	X.Xx
Vision	$341M	$X.XB	$256M	X.Xx	X.Xx
ONATEL Burkina Faso	$332M	$X.XB	—	X.Xx	X.Xx
Integratel Peru	$330M	$X.XB	—	X.Xx	X.Xx
Balitower	$299M	$X.XB	—	X.Xx	X.Xx
GO plc	$296M	$X.XB	—	X.Xx	X.Xx
Jasmine International	$285M	$X.XB	$112M	X.Xx	X.Xx
Telebrás	$270M	$X.XB	—	X.Xx	X.Xx
Brisanet	$269M	$X.XB	$353M	X.Xx	X.Xx
Sky Network Television	$261M	$X.XB	$475M	X.Xx	X.Xx
Hyundai Futurenet	$254M	$X.XB	—	X.Xx	X.Xx
Sudatel Telecom Group Limited	$230M	$X.XB	—	X.Xx	X.Xx
Dafeng TV	$228M	$X.XB	—	X.Xx	X.Xx
Wasko	$220M	$X.XB	—	X.Xx	X.Xx
Bangladesh Submarine Cables	$216M	$X.XB	—	X.Xx	X.Xx
Mahanagar Telephone Nigam	$214M	$X.XB	—	X.Xx	X.Xx
Crexendo	$210M	$X.XB	$77M	X.Xx	X.Xx
Hathway	$210M	$X.XB	—	X.Xx	X.Xx
FreeBit	$207M	$X.XB	$386M	X.Xx	X.Xx
Tucows	$181M	$X.XB	$390M	X.Xx	X.Xx
Intred	$175M	$X.XB	$67M	X.Xx	X.Xx
LICT	$173M	$X.XB	—	X.Xx	X.Xx
Eltel	$164M	$X.XB	$972M	X.Xx	X.Xx
Den Networks	$143M	$X.XB	—	X.Xx	X.Xx
Asian Pay Television	$125M	$X.XB	—	X.Xx	X.Xx
Zain Bahrain	$115M	$X.XB	—	X.Xx	X.Xx
MNC Vision Networks	$113M	$X.XB	—	X.Xx	X.Xx
Unidata	$102M	$X.XB	$131M	X.Xx	X.Xx
Broadmedia	$101M	$X.XB	$99M	X.Xx	X.Xx
GTPL Hathway	$81M	$X.XB	—	X.Xx	X.Xx
Dish TV India	$78M	$X.XB	—	X.Xx	X.Xx
PHarol SGPS	$74M	$X.XB	—	X.Xx	X.Xx
Teleste	$73M	$X.XB	$168M	X.Xx	X.Xx
FingerMotion	$66M	$X.XB	—	X.Xx	X.Xx
NFON	$65M	$X.XB	$105M	X.Xx	X.Xx
OnMobile Global	$64M	$X.XB	—	X.Xx	X.Xx
ET Bogotá	$50M	$X.XB	—	X.Xx	X.Xx
uCloudlink	$46M	$X.XB	$88M	X.Xx	X.Xx
Tessellis	$42M	$X.XB	—	X.Xx	X.Xx
Planetel	$31M	$X.XB	—	X.Xx	X.Xx
Parlem Telecom Companyia	$30M	$X.XB	—	X.Xx	X.Xx
Ecotel	$30M	$X.XB	$145M	X.Xx	X.Xx
Optare Solutions	$30M	$X.XB	—	X.Xx	X.Xx
Eurotel	$28M	$X.XB	—	X.Xx	X.Xx
UTStarcom	$25M	$X.XB	—	X.Xx	X.Xx
Transtema Group	$23M	$X.XB	$273M	X.Xx	X.Xx
Lleidanetworks	$22M	$X.XB	—	X.Xx	X.Xx
Softlab	$20M	$X.XB	—	X.Xx	X.Xx
DG-Net	$15M	$X.XB	—	X.Xx	X.Xx
Convergenze	$15M	$X.XB	—	X.Xx	X.Xx
Telestrada	$13M	$X.XB	—	X.Xx	X.Xx
Korbank	$13M	$X.XB	—	X.Xx	X.Xx
Oi	$10M	$X.XB	—	X.Xx	X.Xx
RichTech	$9M	$X.XB	—	X.Xx	X.Xx
ECL	$6M	$X.XB	—	X.Xx	X.Xx
Telgam	$4M	$X.XB	—	X.Xx	X.Xx
Weaccess Group	$4M	$X.XB	—	X.Xx	X.Xx
Telkonet	$3M	$X.XB	—	X.Xx	X.Xx
Telefonica Argentina	$2M	$X.XB	—	X.Xx	X.Xx
Nord General	$2M	$X.XB	—	X.Xx	X.Xx
My Beat	$908K	$X.XB	—	X.Xx	X.Xx
Aiton Caldwell	$858K	$X.XB	—	X.Xx	X.Xx
Syn	—	$X.XB	—	X.Xx	X.Xx
Nova Klubburinn	—	$X.XB	—	X.Xx	X.Xx
Magyar Telekom	—	$X.XB	—	X.Xx	X.Xx
Siminn	—	$X.XB	—	X.Xx	X.Xx
Econet Wireless Zimbabwe	—	$X.XB	—	X.Xx	X.Xx