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	$352B	4.0x	10.5x
SoftBank Group	$340B	7.0x	10.4x
Verizon	$330B	2.4x	6.6x
AT&T	$314B	2.5x	6.8x
Deutsche Telekom	$294B	2.2x	5.5x
China Mobile	$213B	1.4x	4.5x
China Mobile	$213B	1.4x	4.4x
Comcast	$191B	1.5x	5.1x
Bharti Airtel	$157B	7.2x	13.0x
NTT Group	$155B	1.7x	7.0x
Charter Communications	$127B	2.3x	5.6x
America Movil	$104B	2.1x	5.3x
SoftBank	$97.6B	2.2x	8.4x
KDDI	$86.0B	2.2x	7.1x
China Telecom	$75.6B	1.0x	3.7x
China Telecom Corp	$75.6B	1.0x	3.7x
Vodafone	$72.5B	1.6x	5.7x
Singtel	$61.0B	5.5x	20.3x
stc Group	$58.8B	2.8x	8.9x
e&	$56.5B	3.0x	6.8x
Rogers	$52.1B	3.4x	7.6x
BT Group	$50.8B	1.9x	4.7x
BCE	$49.9B	2.9x	6.6x
Telstra	$47.1B	3.0x	8.3x
TELUS	$43.2B	2.9x	8.2x
Swisscom	$42.0B	2.3x	5.6x
Orange	$39.1B	0.8x	2.6x
Vodafone Idea	$36.5B	7.2x	16.7x
China Unicom	$33.7B	0.6x	2.4x
Advanced Info Service	$33.3B	4.8x	9.1x
Chunghwa Telecom	$32.2B	4.2x	11.2x
Bouygues	$30.8B	0.5x	5.4x
Telenor	$29.4B	3.7x	8.3x
Telefónica	$27.3B	0.6x	2.0x
Altice USA	$26.3B	3.0x	7.9x
Lumen	$26.1B	2.1x	8.0x
KPN	$25.5B	3.8x	8.1x
TIM	$25.2B	1.6x	5.1x
Telia	$23.9B	2.7x	6.9x
Telkom Indonesia	$22.6B	2.5x	5.0x
Frontier Comms Parent Inc	$21.1B	3.5x	8.9x
China United Network	$21.1B	0.4x	1.6x
Telefônica Brasil	$21.1B	1.9x	4.7x
MTN Group	$20.4B	1.6x	3.8x
Airtel Africa	$18.7B	3.3x	6.9x
Vodacom	$18.5B	2.0x	5.4x
Zegona Communications	$17.7B	4.6x	9.1x
HKT Trust and HKT	$16.8B	3.7x	9.3x
Mobily	$15.4B	3.0x	7.8x
Tigo	$14.5B	2.6x	5.7x
Tele2	$14.3B	4.4x	10.2x
Maroc Telecom	$13.8B	3.5x	6.8x
Taiwan Mobile	$13.5B	2.0x	9.6x
SK Telecom	$13.4B	1.1x	3.9x
CelcomDigi	$13.2B	4.3x	9.4x
TIM Brasil	$12.8B	2.6x	5.2x
Zain Group	$12.8B	1.8x	5.3x
PCCW	$12.7B	2.6x	7.3x
Quebecor	$12.6B	3.2x	7.5x
Ooredoo Qatar	$12.5B	1.9x	4.5x
Far EasTone Telecom Co	$12.4B	3.6x	10.3x
China Satellite	$12.3B	n/a	n/a
KT	$12.3B	0.6x	2.9x
du	$11.9B	2.8x	6.1x
Liberty Global	$11.3B	2.4x	9.0x
Bharti Hexacom	$11.1B	10.7x	20.9x
TPG Telecom	$10.7B	3.2x	9.5x
Liberty Broadband	$10.7B	10.5x	34.1x
Sunrise Communications	$10.6B	2.9x	7.5x
Safaricom	$10.5B	3.2x	6.8x
TDS	$10.1B	3.1x	8.4x
PLDT	$9.8B	2.6x	5.2x
Globe Telecom	$9.7B	n/a	n/a
Globe Telecom	$9.7B	3.2x	6.5x
MTN Nigeria	$9.5B	2.8x	5.7x
A1 Telekom Austria Group	$9.5B	1.5x	3.9x
Liberty Latin America	$9.3B	2.1x	6.1x
Maxis	$9.2B	3.6x	9.2x
Omantel	$9.2B	1.1x	3.3x
United Internet	$9.2B	1.2x	6.0x
Axiata Group	$9.1B	2.5x	5.3x
Elisa	$8.6B	3.3x	9.3x
OTE	$8.1B	1.9x	5.0x
Telecom Argentina	$8.1B	1.5x	5.1x
Bezeq Group	$7.8B	2.9x	6.8x
LG U+	$7.8B	0.7x	3.1x
Tata Communications	$7.5B	2.8x	13.8x
Proximus	$7.5B	1.0x	3.3x
Sonae	$7.4B	0.6x	5.9x
Telekom Malaysia	$7.3B	2.5x	6.6x
Globalstar	$7.1B	27.1x	56.1x
VEON	$7.0B	1.6x	3.7x
PT XLSmart Telecom	$6.4B	2.6x	5.5x
Turkcell	$6.1B	1.2x	2.8x
Türk Telekom	$5.5B	1.1x	2.6x
Zain Saudi Arabia	$5.3B	1.9x	6.0x
Cyfrowy Polsat	$5.2B	1.3x	5.9x
Orange Polska	$5.2B	1.5x	4.9x
Magyar Telekom	$5.2B	1.8x	4.3x
Cogeco Communications	$5.2B	2.5x	5.0x
MTN Ghana	$5.0B	n/a	n/a
1&1	$4.8B	1.0x	7.5x
Cogent Communications	$4.5B	4.5x	14.3x
Digi Communications	$4.3B	1.8x	5.0x
Televisa	$4.3B	1.3x	3.8x
NOS	$4.3B	2.1x	4.7x
Cable One	$4.2B	2.7x	5.2x
Entel	$4.0B	1.3x	4.6x
Spark New Zealand	$4.0B	1.9x	6.5x
MTNL Delhi	$3.9B	n/a	n/a
Cablevision Holding	$3.9B	n/a	n/a
Orange Belgium	$3.9B	1.5x	6.1x
freenet	$3.8B	1.3x	6.2x
Megacable	$3.7B	2.0x	4.4x
Cogeco	$3.7B	1.7x	3.6x
Hrvatski Telekom	$3.7B	n/a	n/a
Iridium	$3.6B	4.2x	7.4x
Grameenphone	$3.6B	2.7x	4.4x
Tata Teleservices	$3.5B	n/a	n/a
Axtel	$3.5B	5.4x	17.1x
Telecom Egypt	$3.4B	1.7x	4.1x
Kyivstar Group	$3.2B	n/a	n/a
B Communications	$3.2B	n/a	n/a
Almendral	$3.1B	n/a	n/a
Société Nationale des Telecommunications du Sénégal	$3.0B	0.9x	1.8x
Vodafone Qatar	$2.9B	3.1x	7.3x
Beyon	$2.8B	n/a	n/a
Jishi Media	$2.7B	n/a	n/a
HKBN	$2.6B	1.8x	8.3x
Tuas	$2.5B	20.6x	45.7x
Cellcom Israel	$2.5B	1.8x	n/a
Ooredoo	$2.4B	1.0x	2.7x
StarHub	$2.3B	1.3x	6.9x
Tele Columbus	$2.3B	4.6x	10.5x
Jefferson Capital	$2.3B	n/a	n/a
Partner Communications Co.	$2.2B	2.1x	n/a
Oi	$2.0B	n/a	n/a
Fujian Star-Net	$2.0B	0.7x	10.8x
Merit Interactive Co	$2.0B	n/a	n/a
Telecom Plus	$2.0B	0.8x	10.1x
Time Dotcom	$2.0B	4.8x	11.5x
Space42	$1.9B	n/a	n/a
Vtech	$1.9B	0.9x	7.7x
Telkom South Africa	$1.8B	0.7x	2.7x
Converge ICT	$1.8B	2.3x	3.9x
stc Kuwait	$1.8B	1.5x	6.1x
Okinawa Cellular	$1.5B	2.7x	9.5x
WideOpenWest	$1.5B	2.5x	5.2x
CITIC Telecom International	$1.5B	1.2x	5.8x
Telia Lietuva	$1.3B	n/a	n/a
Pakistan Telecom	$1.3B	n/a	n/a
Gamma Communications	$1.3B	1.5x	6.9x
Guangdong South New Media	$1.3B	5.5x	12.0x
Shentel	$1.2B	3.4x	10.5x
RailTel	$1.2B	2.7x	17.5x
Dialog Axiata	$1.2B	2.0x	n/a
Macquarie Technology Group	$1.2B	4.7x	15.5x
Telekom Slovenije	$1.1B	n/a	n/a
Jordan Telecom	$1.0B	n/a	n/a
IDT	$1.0B	0.8x	7.8x
Chief Telecom	$984M	7.5x	23.7x
Comba Telecom	$961M	1.7x	n/a
LINK Mobility Group	$920M	1.3x	11.1x
Blu Label Unlimited Group	$885M	n/a	n/a
Nepal Telecom	$862M	n/a	n/a
ATN International	$840M	1.2x	4.8x
Sterlite Technologies	$833M	1.7x	12.9x
Etihad Atheeb Telecom	$830M	2.1x	9.5x
Sonaecom	$793M	n/a	n/a
Makedonski Telekom	$713M	n/a	n/a
SLTMobitel	$651M	n/a	n/a
IndoInternet	$614M	n/a	n/a
Desktop Sigmanet	$555M	2.4x	4.7x
Brisanet Servicos De	$548M	1.8x	4.2x
SmarTone	$537M	0.7x	n/a
GO plc	$535M	n/a	n/a
Telefónica Chile	$514M	n/a	n/a
Avantel	$502M	n/a	n/a
Ooredoo Oman	$492M	0.8x	2.0x
Route Mobile	$447M	0.9x	7.9x
Ovzon	$429M	6.2x	17.9x
Jasmine International	$399M	n/a	n/a
Eltel	$355M	0.4x	6.5x
Kinx	$334M	n/a	n/a
Vision	$320M	1.2x	n/a
Bredband2	$308M	1.5x	9.5x
Sudatel Telecom Group Limited	$288M	n/a	n/a
Hutchison	$257M	0.4x	n/a
Nelco	$228M	n/a	n/a
Intred	$222M	3.4x	7.5x
Ooredoo Palestine	$194M	n/a	n/a
Crexendo	$177M	2.7x	19.0x
Unidata	$145M	1.2x	4.4x
Tessellis	$145M	n/a	n/a
Zain Bahrain	$141M	n/a	n/a
Parlem Telecom Companyia	$99.3M	1.7x	17.4x
Transtema Group	$99.0M	0.4x	4.7x
FingerMotion	$92.3M	n/a	n/a
Spirit Tech Solns	$83.7M	1.2x	11.1x
Dish TV India	$74.3M	0.4x	1.2x
Ecotel	$62.3M	0.5x	4.8x
PHarol SGPS	$58.5M	n/a	n/a
Surgepays	$56.6M	0.8x	-3.4x
uCloudlink	$54.1M	0.6x	10.2x
Planetel	$49.7M	1.0x	4.5x
Lleidanetworks Serveis	$34.8M	n/a	n/a
ET Bogotá	$27.0M	n/a	n/a
Optare Solutions	$25.4M	n/a	n/a
Eurotel	$23.8M	n/a	n/a
Convergenze	$21.8M	0.7x	3.5x
Softlab	$21.7M	n/a	n/a
Korbank	$15.8M	n/a	n/a
DG-Net	$15.3M	n/a	n/a
Sonim Technologies	$12.8M	0.2x	n/a
Telestrada	$11.2M	n/a	n/a
Wasko	$10.7M	n/a	n/a
ECL	$6.6M	n/a	n/a
Telkom South Africa	$5.5M	n/a	n/a
RichTech	$4.1M	n/a	n/a
Przedsiebiorstwo	$4.0M	n/a	n/a
My Beat	$2.9M	n/a	n/a
Nord General	$1.9M	n/a	n/a
Aiton Caldwell	$0.9M	n/a	n/a
UTStarcom	-$17.0M	-1.6x	n/a
Telebras	-$41.7M	n/a	n/a
APSTAR	-$58.8M	n/a	n/a