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
Verizon	$369B	2.7x	7.4x
T-Mobile US	$359B	4.1x	10.6x
Deutsche Telekom	$340B	2.4x	6.1x
AT&T	$338B	2.7x	7.3x
SoftBank Group	$273B	5.7x	6.7x
Comcast	$203B	1.6x	5.4x
China Mobile	$189B	1.3x	3.9x
China Mobile	$188B	1.2x	3.8x
NTT Group	$165B	1.8x	7.5x
Bharti Airtel	$150B	6.8x	12.1x
Charter Communications	$127B	2.3x	5.6x
America Movil	$110B	2.0x	5.2x
SoftBank	$95.0B	2.2x	8.2x
KDDI	$90.7B	2.3x	7.6x
Vodafone	$81.6B	1.7x	6.0x
Singtel	$70.3B	6.2x	22.6x
China Telecom	$64.3B	0.8x	3.1x
China Telecom Corp	$64.3B	0.8x	3.1x
e&	$60.0B	3.0x	6.9x
stc Group	$59.4B	2.8x	8.9x
BT Group	$58.0B	2.1x	5.2x
BCE	$56.5B	3.1x	7.2x
Rogers	$52.6B	3.3x	7.3x
Telstra	$51.5B	3.1x	8.3x
Swisscom	$51.2B	2.6x	6.0x
Orange	$50.6B	1.1x	3.3x
Advanced Info Service	$42.4B	5.9x	11.0x
TELUS	$42.4B	2.8x	7.8x
Vodafone Idea	$38.1B	7.6x	17.8x
Bouygues	$35.2B	0.5x	5.9x
Chunghwa Telecom	$32.6B	4.4x	11.6x
TIM	$29.7B	1.8x	5.8x
KPN	$28.8B	4.1x	8.8x
Telia	$27.5B	3.0x	7.7x
Telefônica Brasil	$27.4B	2.4x	5.9x
Telenor	$26.3B	3.1x	7.0x
Telefónica	$26.2B	0.6x	1.9x
Lumen	$25.3B	2.0x	7.8x
China Unicom	$25.0B	0.4x	1.8x
MTN Group	$24.5B	1.7x	4.0x
Telkom Indonesia	$23.0B	2.6x	5.3x
Vodacom	$22.4B	2.2x	5.9x
Airtel Africa	$22.0B	3.7x	7.5x
China Satellite	$20.8B	n/a	n/a
SK Telecom	$18.9B	1.6x	5.8x
China United Network	$18.9B	0.3x	1.3x
Tele2	$17.8B	5.3x	12.1x
Tigo	$17.8B	3.1x	6.7x
HKT Trust and HKT	$17.4B	3.9x	9.6x
Mobily	$15.8B	3.0x	7.9x
KT	$15.6B	0.8x	3.6x
TIM Brasil	$14.6B	2.9x	5.7x
Quebecor	$14.2B	3.4x	8.1x
du	$13.5B	3.2x	6.8x
Taiwan Mobile	$13.1B	2.0x	9.5x
PCCW	$13.1B	2.7x	7.5x
CelcomDigi	$12.8B	3.9x	8.7x
MTN Nigeria	$12.7B	3.3x	6.5x
Zain Group	$12.7B	1.7x	5.1x
Ooredoo Qatar	$12.7B	1.9x	4.4x
Maroc Telecom	$12.6B	3.1x	6.2x
Far EasTone Telecom Co	$12.1B	3.5x	10.2x
Sunrise Communications	$11.8B	3.0x	7.8x
Safaricom	$11.7B	3.6x	7.4x
Liberty Global	$11.3B	2.3x	9.3x
PLDT	$11.1B	2.9x	5.8x
Zegona Communications	$10.7B	2.6x	5.2x
Globe Telecom	$10.4B	n/a	n/a
Globe Telecom	$10.2B	3.4x	6.8x
Elisa	$10.0B	3.7x	10.4x
Maxis	$10.0B	3.7x	9.2x
A1 Telekom Austria Group	$9.9B	1.5x	4.0x
Bharti Hexacom	$9.7B	9.4x	18.1x
Liberty Broadband	$9.7B	18.3x	60.8x
TPG Telecom	$9.7B	2.7x	8.1x
Bezeq Group	$9.5B	3.3x	7.8x
Omantel	$9.5B	1.1x	3.3x
Liberty Latin America	$9.3B	2.1x	6.2x
United Internet	$9.1B	1.2x	5.7x
OTE	$8.9B	2.1x	5.3x
Axiata Group	$8.9B	2.5x	5.4x
LG U+	$8.7B	0.8x	3.5x
Sonae	$8.6B	0.6x	6.3x
Telecom Argentina	$8.5B	1.4x	4.7x
Telekom Malaysia	$8.2B	2.7x	6.9x
Proximus	$8.0B	1.1x	3.4x
Globalstar	$7.8B	28.8x	59.7x
Turkcell	$7.3B	1.3x	3.2x
VEON	$7.1B	1.6x	3.7x
TDS	$7.0B	3.0x	8.4x
Türk Telekom	$7.0B	1.3x	3.3x
Tata Communications	$6.6B	2.5x	12.3x
Orange Polska	$6.5B	1.8x	5.8x
PT XLSmart Telecom	$6.3B	2.5x	5.7x
Magyar Telekom	$5.9B	1.9x	4.4x
Digi Communications	$5.7B	2.2x	6.2x
1&1	$5.6B	1.1x	9.1x
Cogeco Communications	$5.5B	2.6x	5.2x
Cyfrowy Polsat	$5.4B	1.3x	6.0x
Zain Saudi Arabia	$5.3B	1.8x	5.9x
NOS	$5.0B	2.3x	5.3x
Telecom Egypt	$5.0B	2.2x	5.2x
Televisa	$4.9B	1.4x	3.9x
freenet	$4.7B	1.6x	7.4x
Megacable	$4.5B	2.2x	4.8x
Cablevision Holding	$4.3B	n/a	n/a
Iridium	$4.1B	4.7x	8.2x
Orange Belgium	$4.0B	1.5x	6.1x
Cogeco	$4.0B	1.8x	3.8x
Spark New Zealand	$3.8B	1.7x	6.0x
Cogent Communications	$3.8B	3.9x	13.0x
Cable One	$3.8B	2.5x	4.8x
Entel	$3.7B	1.1x	3.8x
Hrvatski Telekom	$3.7B	2.7x	6.5x
Grameenphone	$3.5B	2.6x	4.2x
MTNL Delhi	$3.5B	n/a	n/a
Axtel	$3.5B	4.8x	15.2x
Kyivstar Group	$3.4B	3.0x	5.5x
Tata Teleservices	$3.2B	n/a	n/a
Vodafone Qatar	$3.1B	3.3x	7.6x
Société Nationale des Telecommunications du Sénégal	$3.1B	0.9x	1.8x
Almendral	$3.0B	n/a	n/a
Merit Interactive Co	$2.8B	n/a	n/a
Beyon	$2.8B	n/a	n/a
Cellcom Israel	$2.7B	n/a	n/a
Partner Communications Co.	$2.7B	n/a	n/a
Time Dotcom	$2.7B	5.8x	14.0x
Jishi Media	$2.6B	n/a	n/a
MTN Ghana	$2.6B	1.2x	2.1x
HKBN	$2.6B	1.8x	8.1x
Ooredoo	$2.6B	1.0x	2.5x
Jefferson Capital	$2.5B	4.0x	7.0x
Tuas	$2.4B	17.7x	39.4x
Tele Columbus	$2.4B	n/a	n/a
Fujian Star-Net	$2.3B	0.8x	11.3x
StarHub	$2.3B	1.2x	6.9x
Telkom South Africa	$2.2B	0.8x	3.0x
Oi	$2.1B	n/a	n/a
stc Kuwait	$2.1B	1.9x	6.8x
Vtech	$2.0B	1.0x	9.0x
Converge ICT	$2.0B	2.6x	4.4x
Okinawa Cellular	$1.9B	3.4x	11.8x
Telecom Plus	$1.7B	0.6x	8.1x
Pakistan Telecom	$1.7B	n/a	n/a
Space42	$1.7B	n/a	n/a
Telia Lietuva	$1.6B	n/a	n/a
CITIC Telecom International	$1.5B	n/a	n/a
Shentel	$1.2B	3.5x	10.5x
Guangdong South New Media	$1.2B	5.2x	11.3x
Telekom Slovenije	$1.2B	n/a	n/a
Macquarie Technology Group	$1.2B	4.5x	14.9x
Gamma Communications	$1.2B	1.3x	6.1x
Dialog Axiata	$1.2B	n/a	n/a
Jordan Telecom	$1.1B	n/a	n/a
ATN International	$1.0B	1.4x	5.8x
RailTel	$1.0B	2.3x	15.1x
IDT	$1.0B	0.8x	7.4x
Sterlite Technologies	$982M	2.1x	16.6x
Nepal Telecom	$876M	n/a	n/a
Chief Telecom	$866M	6.9x	21.5x
LINK Mobility Group	$846M	1.1x	9.7x
Blu Label Unlimited Group	$823M	n/a	n/a
Comba Telecom	$805M	n/a	n/a
SLTMobitel	$802M	n/a	n/a
Sonaecom	$785M	n/a	n/a
Makedonski Telekom	$777M	n/a	n/a
Etihad GO Telecom	$715M	1.8x	8.2x
Ooredoo Oman	$687M	1.1x	3.2x
Ovzon	$662M	8.5x	23.3x
IndoInternet	$656M	n/a	n/a
Telefónica Chile	$613M	n/a	n/a
Desktop Sigmanet	$602M	2.5x	4.8x
Brisanet Servicos De	$576M	1.7x	3.9x
SmarTone	$566M	0.7x	n/a
GO plc	$545M	n/a	n/a
Jasmine International	$448M	5.4x	26.6x
Avantel	$442M	n/a	n/a
Kinx	$429M	3.9x	13.2x
Sudatel Telecom Group Limited	$410M	n/a	n/a
Bredband2	$367M	1.7x	11.3x
Eltel	$366M	0.4x	6.2x
Vision	$340M	1.3x	n/a
Hutchison	$293M	n/a	n/a
Ooredoo Palestine	$272M	n/a	n/a
Route Mobile	$264M	0.5x	4.6x
Intred	$226M	3.4x	7.5x
Crexendo	$166M	2.4x	15.2x
Nelco	$165M	n/a	n/a
Unidata	$163M	1.3x	4.7x
Tessellis	$148M	n/a	n/a
Zain Bahrain	$139M	n/a	n/a
APSTAR	$121M	n/a	n/a
Parlem Telecom Companyia	$93.5M	1.5x	14.4x
Transtema Group	$87.3M	0.3x	4.3x
Wasko	$72.8M	n/a	n/a
FingerMotion	$69.6M	n/a	n/a
Ecotel	$53.7M	0.4x	4.0x
Planetel	$52.0M	1.0x	4.6x
Dish TV India	$49.5M	0.3x	0.8x
PHarol SGPS	$46.0M	n/a	n/a
Surgepays	$30.7M	0.5x	-1.4x
Optare Solutions	$29.1M	n/a	n/a
Lleidanetworks Serveis	$28.5M	n/a	n/a
ET Bogotá	$28.4M	n/a	n/a
uCloudlink	$26.3M	0.3x	6.6x
Convergenze	$21.7M	0.6x	3.4x
Korbank	$20.7M	n/a	n/a
Softlab	$20.0M	n/a	n/a
Eurotel	$19.5M	0.1x	3.9x
DG-Net	$15.1M	n/a	n/a
Telestrada	$12.1M	n/a	n/a
Sonim Technologies	$11.4M	n/a	n/a
ECL	$6.9M	n/a	n/a
Przedsiebiorstwo	$5.2M	n/a	n/a
RichTech	$3.9M	n/a	n/a
Telkom South Africa	$3.8M	n/a	n/a
My Beat	$1.8M	n/a	n/a
Nord General	$1.7M	n/a	n/a
Aiton Caldwell	$0.7M	n/a	n/a
Telebras	-$10.1M	n/a	n/a
UTStarcom	-$16.0M	n/a	n/a