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	$340B	3.9x	10.1x
Verizon	$335B	2.4x	6.7x
AT&T	$311B	2.5x	6.7x
Deutsche Telekom	$305B	2.2x	5.5x
SoftBank Group	$233B	4.8x	6.4x
China Mobile	$207B	1.4x	4.2x
China Mobile	$206B	1.4x	4.2x
Comcast	$200B	1.6x	5.4x
Bharti Airtel	$156B	7.1x	12.6x
NTT Group	$154B	1.7x	7.0x
Charter Communications	$123B	2.2x	5.5x
America Movil	$97.9B	1.9x	4.8x
SoftBank	$95.7B	2.2x	8.3x
KDDI	$91.4B	2.3x	7.6x
China Telecom	$75.5B	1.0x	3.7x
China Telecom Corp	$75.3B	1.0x	3.7x
Vodafone	$74.6B	1.6x	5.6x
Singtel	$64.0B	5.8x	21.0x
stc Group	$55.7B	2.6x	8.3x
BCE	$53.4B	3.0x	6.9x
BT Group	$53.3B	2.0x	4.9x
e&	$53.3B	2.7x	6.2x
Rogers	$51.7B	3.3x	7.3x
Telstra	$47.4B	3.0x	8.1x
Swisscom	$41.1B	2.2x	5.1x
TELUS	$40.0B	2.7x	7.4x
Orange	$39.6B	0.8x	2.6x
Vodafone Idea	$38.2B	7.6x	17.8x
Advanced Info Service	$35.3B	5.0x	9.3x
Bouygues	$32.4B	0.5x	5.5x
Chunghwa Telecom	$32.3B	4.3x	11.3x
China Unicom	$29.7B	0.5x	2.1x
KPN	$25.6B	3.7x	7.9x
TIM	$25.4B	1.6x	5.1x
Telefónica	$24.6B	0.6x	1.7x
Telia	$24.3B	2.8x	7.0x
Lumen	$23.4B	1.9x	7.2x
Telkom Indonesia	$23.2B	2.6x	5.3x
Telefônica Brasil	$21.5B	2.0x	4.8x
Telenor	$21.5B	2.7x	6.0x
Frontier Comms Parent Inc	$21.2B	3.5x	8.9x
Airtel Africa	$21.0B	3.6x	7.4x
MTN Group	$20.1B	1.5x	3.5x
China United Network	$20.0B	0.4x	1.4x
Zegona Communications	$19.6B	4.9x	9.7x
Vodacom	$18.9B	1.9x	5.3x
HKT Trust and HKT	$16.9B	3.7x	9.3x
Tigo	$15.7B	2.8x	5.9x
Mobily	$15.3B	2.9x	7.7x
Tele2	$14.4B	4.5x	10.2x
China Satellite	$14.1B	n/a	n/a
SK Telecom	$13.8B	1.2x	4.3x
Quebecor	$13.8B	3.4x	8.0x
Maroc Telecom	$13.1B	3.3x	6.5x
Taiwan Mobile	$13.1B	2.0x	9.4x
PCCW	$13.0B	2.6x	7.4x
Zain Group	$12.6B	1.7x	5.1x
CelcomDigi	$12.4B	4.0x	8.8x
du	$12.2B	2.9x	6.2x
KT	$12.1B	0.6x	2.9x
Ooredoo Qatar	$11.9B	1.8x	4.2x
TIM Brasil	$11.9B	2.4x	4.8x
Far EasTone Telecom Co	$11.8B	3.4x	9.8x
Liberty Global	$11.2B	2.3x	9.2x
Sunrise Communications	$10.9B	2.9x	7.4x
PLDT	$10.6B	2.8x	5.6x
Bharti Hexacom	$10.3B	10.0x	19.2x
Globe Telecom	$10.0B	3.3x	6.7x
Globe Telecom	$9.9B	n/a	n/a
Safaricom	$9.9B	3.0x	6.2x
Liberty Latin America	$9.4B	2.1x	6.2x
Maxis	$9.4B	3.6x	9.1x
MTN Nigeria	$9.4B	2.7x	5.3x
Omantel	$9.3B	1.1x	3.2x
A1 Telekom Austria Group	$9.2B	1.4x	3.8x
Axiata Group	$9.1B	2.7x	5.7x
TPG Telecom	$8.9B	2.6x	8.0x
United Internet	$8.9B	1.2x	5.7x
OTE	$8.8B	2.1x	5.3x
Telecom Argentina	$8.7B	1.5x	5.0x
Liberty Broadband	$8.7B	16.0x	53.0x
Elisa	$8.7B	3.3x	9.2x
LG U+	$8.0B	0.8x	3.3x
Telekom Malaysia	$7.8B	2.7x	6.8x
Bezeq Group	$7.8B	2.8x	6.7x
Sonae	$7.8B	0.6x	5.8x
Globalstar	$7.4B	27.4x	56.6x
Proximus	$7.3B	1.0x	3.1x
PT XLSmart Telecom	$7.3B	2.9x	6.4x
VEON	$7.1B	1.6x	3.7x
Tata Communications	$7.0B	2.6x	13.1x
Turkcell	$6.2B	1.1x	2.7x
Türk Telekom	$6.0B	1.1x	2.8x
TDS	$6.0B	2.4x	7.0x
Orange Polska	$5.5B	1.5x	4.9x
1&1	$5.4B	1.1x	9.4x
Cogeco Communications	$5.3B	2.5x	5.1x
Magyar Telekom	$5.2B	1.7x	4.1x
Cyfrowy Polsat	$5.0B	1.3x	5.6x
Zain Saudi Arabia	$5.0B	1.7x	5.5x
Digi Communications	$4.7B	1.9x	5.3x
Televisa	$4.6B	1.4x	3.9x
NOS	$4.4B	2.0x	4.7x
Cablevision Holding	$4.3B	n/a	n/a
freenet	$4.1B	1.4x	6.4x
Orange Belgium	$3.9B	1.5x	6.1x
Kyivstar Group	$3.9B	n/a	n/a
Cable One	$3.9B	2.6x	4.9x
Spark New Zealand	$3.8B	1.8x	6.2x
Cogeco	$3.8B	1.8x	3.6x
Telecom Egypt	$3.8B	1.7x	4.1x
Entel	$3.7B	1.1x	4.1x
Megacable	$3.7B	1.9x	4.1x
Hrvatski Telekom	$3.6B	n/a	n/a
Cogent Communications	$3.6B	3.7x	12.2x
MTNL Delhi	$3.5B	n/a	n/a
Iridium	$3.5B	3.9x	6.9x
Grameenphone	$3.4B	2.5x	4.1x
Axtel	$3.4B	5.0x	15.7x
Tata Teleservices	$3.3B	n/a	n/a
Société Nationale des Telecommunications du Sénégal	$3.1B	0.9x	1.8x
Almendral	$2.9B	n/a	n/a
Vodafone Qatar	$2.9B	3.0x	7.0x
Beyon	$2.8B	n/a	n/a
Cellcom Israel	$2.7B	1.9x	n/a
HKBN	$2.6B	1.8x	8.0x
Tuas	$2.5B	20.0x	44.3x
Partner Communications Co.	$2.5B	2.4x	n/a
Jefferson Capital	$2.4B	n/a	n/a
Jishi Media	$2.4B	n/a	n/a
Time Dotcom	$2.3B	5.3x	12.9x
Ooredoo	$2.3B	0.9x	2.3x
Tele Columbus	$2.3B	4.6x	10.5x
StarHub	$2.3B	1.3x	6.9x
MTN Ghana	$2.2B	n/a	n/a
Fujian Star-Net	$2.2B	0.8x	10.9x
Telkom South Africa	$2.1B	0.8x	3.0x
Converge ICT	$2.1B	2.7x	4.6x
Oi	$2.0B	n/a	n/a
stc Kuwait	$2.0B	1.8x	6.6x
Vtech	$2.0B	0.9x	8.7x
Space42	$1.7B	n/a	n/a
Telecom Plus	$1.7B	0.7x	8.2x
Okinawa Cellular	$1.7B	3.0x	10.4x
Merit Interactive Co	$1.7B	n/a	n/a
WideOpenWest	$1.5B	2.6x	5.4x
Pakistan Telecom	$1.5B	n/a	n/a
CITIC Telecom International	$1.5B	1.2x	5.7x
Telia Lietuva	$1.4B	n/a	n/a
Gamma Communications	$1.2B	1.4x	6.2x
Shentel	$1.2B	3.3x	10.0x
Macquarie Technology Group	$1.1B	4.6x	15.1x
Dialog Axiata	$1.1B	2.0x	n/a
Telekom Slovenije	$1.1B	n/a	n/a
Guangdong South New Media	$1.1B	4.6x	10.1x
IDT	$1.1B	0.9x	7.9x
Jordan Telecom	$1.0B	n/a	n/a
RailTel	$1.0B	2.3x	14.9x
LINK Mobility Group	$1.0B	1.4x	12.2x
ATN International	$948M	1.3x	5.3x
Chief Telecom	$916M	7.2x	22.5x
Nepal Telecom	$850M	n/a	n/a
Blu Label Unlimited Group	$813M	n/a	n/a
Comba Telecom	$796M	1.4x	n/a
Sonaecom	$789M	n/a	n/a
SLTMobitel	$725M	n/a	n/a
Makedonski Telekom	$723M	n/a	n/a
Sterlite Technologies	$661M	1.4x	11.3x
Etihad GO Telecom	$651M	1.7x	7.5x
IndoInternet	$643M	n/a	n/a
Ooredoo Oman	$604M	1.0x	2.8x
Desktop Sigmanet	$582M	2.5x	4.9x
Brisanet Servicos De	$570M	1.8x	4.1x
GO plc	$528M	n/a	n/a
Telefónica Chile	$526M	n/a	n/a
SmarTone	$524M	0.7x	n/a
Ovzon	$439M	5.9x	16.6x
Avantel	$426M	n/a	n/a
Kinx	$423M	n/a	n/a
Jasmine International	$414M	n/a	n/a
Route Mobile	$391M	0.8x	6.8x
Eltel	$358M	0.4x	6.4x
Vision	$343M	1.4x	n/a
Bredband2	$319M	1.6x	10.2x
Hutchison	$301M	0.5x	n/a
Sudatel Telecom Group Limited	$279M	n/a	n/a
Intred	$219M	3.3x	7.4x
Nelco	$185M	n/a	n/a
Crexendo	$178M	2.6x	16.5x
Ooredoo Palestine	$176M	n/a	n/a
Tessellis	$147M	n/a	n/a
Zain Bahrain	$145M	n/a	n/a
Unidata	$144M	1.2x	4.3x
Parlem Telecom Companyia	$103M	1.7x	16.1x
Transtema Group	$88.9M	0.3x	4.5x
FingerMotion	$88.4M	n/a	n/a
Dish TV India	$63.0M	0.4x	1.1x
Ecotel	$56.9M	0.4x	4.3x
Planetel	$49.9M	1.0x	4.5x
PHarol SGPS	$49.4M	n/a	n/a
Surgepays	$44.7M	0.7x	-2.5x
uCloudlink	$41.4M	0.5x	5.8x
Lleidanetworks Serveis	$31.7M	n/a	n/a
ET Bogotá	$27.4M	n/a	n/a
Optare Solutions	$24.8M	n/a	n/a
Softlab	$22.0M	n/a	n/a
Convergenze	$20.2M	0.6x	3.2x
Eurotel	$17.9M	n/a	n/a
DG-Net	$16.3M	n/a	n/a
Korbank	$15.2M	n/a	n/a
Wasko	$11.8M	n/a	n/a
Telestrada	$11.6M	n/a	n/a
Sonim Technologies	$9.7M	0.2x	n/a
ECL	$5.9M	n/a	n/a
Przedsiebiorstwo	$4.6M	n/a	n/a
Telkom South Africa	$4.0M	n/a	n/a
RichTech	$4.0M	n/a	n/a
My Beat	$1.8M	n/a	n/a
Nord General	$1.5M	n/a	n/a
Aiton Caldwell	$0.7M	n/a	n/a
UTStarcom	-$17.2M	-1.6x	n/a
Telebras	-$68.1M	n/a	n/a
APSTAR	-$68.4M	n/a	n/a