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	$377B	4.5x	11.5x
Verizon	$347B	2.6x	7.0x
AT&T	$340B	2.8x	7.5x
Deutsche Telekom	$328B	2.4x	6.1x
Comcast	$225B	1.8x	5.9x
China Mobile	$200B	1.4x	4.2x
SoftBank Group	$198B	3.9x	6.0x
Bharti Airtel	$162B	7.6x	13.9x
NTT Group	$153B	1.6x	6.5x
Charter Communications	$151B	2.7x	6.6x
SoftBank	$102B	2.2x	8.4x
KDDI	$88.9B	2.1x	7.0x
China Telecom	$86.6B	1.2x	4.4x
Vodafone	$71.1B	1.6x	5.6x
Singtel	$58.2B	5.2x	19.3x
stc Group	$56.0B	2.7x	8.5x
BT Group	$54.1B	2.0x	4.8x
BCE	$52.7B	3.0x	6.8x
Rogers	$52.0B	3.4x	7.3x
e&	$49.9B	2.8x	6.5x
Telstra	$47.4B	3.0x	8.4x
TELUS	$46.5B	3.1x	8.5x
Swisscom	$40.3B	2.4x	6.1x
Orange	$35.2B	0.7x	2.3x
Vodafone Idea	$34.5B	6.6x	15.7x
Chunghwa Telecom	$33.9B	4.2x	11.2x
China Unicom	$32.2B	0.6x	2.3x
Advanced Info Service	$31.6B	4.7x	8.9x
Telenor	$29.6B	3.7x	8.5x
Bouygues	$29.4B	0.4x	5.1x
Telefónica	$27.1B	0.6x	1.9x
Altice USA	$26.5B	3.0x	7.8x
KPN	$26.1B	3.9x	8.4x
TIM	$24.2B	1.5x	4.7x
Telia	$22.4B	2.5x	6.7x
China United Network	$21.8B	0.4x	1.6x
Telefônica Brasil	$21.1B	2.0x	4.8x
Lumen	$20.7B	1.6x	6.1x
Frontier Comms Parent Inc	$20.3B	3.4x	8.8x
Vodacom	$18.3B	2.1x	5.6x
Telkom Indonesia	$18.3B	2.0x	3.9x
Liberty Broadband	$17.9B	17.2x	57.7x
MTN Group	$17.8B	1.6x	4.1x
HKT Trust and HKT	$17.2B	3.8x	9.6x
KT	$14.8B	0.7x	3.7x
Taiwan Mobile	$14.7B	2.1x	10.1x
Maroc Telecom	$14.6B	3.4x	6.6x
Airtel Africa	$14.5B	2.7x	5.8x
SK Telecom	$14.5B	1.1x	3.7x
Mobily	$14.3B	2.8x	7.4x
CelcomDigi	$13.7B	4.5x	9.9x
Zegona Communications	$13.5B	3.3x	7.7x
Tele2	$13.1B	4.2x	10.0x
Quebecor	$12.8B	3.1x	7.3x
Tigo	$12.8B	2.2x	5.0x
Far EasTone Telecom Co	$12.6B	3.4x	9.9x
Ooredoo Qatar	$12.4B	1.8x	4.4x
Zain Group	$12.3B	1.8x	5.2x
PCCW	$12.0B	2.5x	7.1x
du	$11.9B	2.9x	6.5x
Axiata Group	$11.8B	2.6x	5.5x
Liberty Global	$11.6B	2.6x	9.2x
China Satellite	$11.2B	n/a	n/a
Bharti Hexacom	$11.2B	10.7x	21.3x
Sunrise Communications	$11.0B	2.9x	7.4x
TPG Telecom	$10.7B	2.9x	8.2x
Elisa	$10.5B	4.0x	11.2x
PLDT	$10.4B	2.7x	5.3x
Globe Telecom	$10.3B	3.2x	6.6x
A1 Telekom Austria Group	$10.0B	1.5x	4.1x
TDS	$9.9B	2.1x	8.0x
Safaricom	$9.5B	3.0x	6.6x
UScellular	$9.1B	2.5x	9.4x
Liberty Latin America	$8.9B	2.0x	5.7x
Omantel	$8.8B	1.1x	3.2x
Maxis	$8.6B	3.4x	8.8x
LG U+	$8.5B	0.8x	3.2x
United Internet	$8.2B	1.1x	5.3x
Proximus	$8.2B	1.1x	3.6x
OTE	$8.1B	1.9x	4.9x
Sonae	$7.2B	0.6x	6.2x
Tata Communications	$7.2B	2.6x	12.8x
Bezeq Group	$7.0B	2.8x	6.3x
MTN Nigeria	$6.8B	2.5x	5.7x
Telekom Malaysia	$6.7B	2.4x	6.2x
Türk Telekom	$6.5B	1.3x	3.4x
Turkcell	$6.0B	1.2x	2.9x
Cyfrowy Polsat	$5.9B	1.5x	6.2x
Cogeco Communications	$5.9B	2.7x	5.5x
VEON	$5.8B	1.4x	3.3x
Orange Polska	$5.2B	1.5x	5.0x
PT XLSmart Telecom	$5.2B	2.1x	4.2x
Iridium	$5.2B	6.1x	10.8x
Zain Saudi Arabia	$5.1B	1.8x	5.7x
Magyar Telekom	$5.1B	1.7x	4.5x
Cogent Communications	$4.7B	4.6x	13.9x
Televisa	$4.3B	1.3x	3.9x
1&1	$4.3B	0.9x	6.4x
Cogeco	$4.2B	1.9x	3.9x
NOS	$4.2B	2.1x	4.6x
Cable One	$4.2B	2.7x	5.1x
Cablevision Holding	$4.1B	n/a	n/a
Tata Teleservices	$3.9B	n/a	n/a
freenet	$3.8B	1.3x	6.2x
Orange Belgium	$3.8B	1.6x	6.0x
Digi Communications	$3.8B	1.5x	4.4x
Globalstar	$3.7B	14.5x	27.4x
Grameenphone	$3.7B	2.9x	4.9x
Megacable	$3.7B	2.0x	4.4x
Hrvatski Telekom	$3.6B	n/a	n/a
MTNL Delhi	$3.6B	n/a	n/a
Entel	$3.5B	1.2x	4.1x
Vodafone Qatar	$3.0B	3.3x	7.7x
Axtel	$3.0B	4.7x	15.2x
B Communications	$3.0B	n/a	n/a
Almendral	$2.9B	n/a	n/a
Telecom Egypt	$2.8B	1.6x	3.9x
Beyon	$2.7B	n/a	n/a
Converge ICT	$2.5B	3.3x	5.4x
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	12.8x
StarHub	$2.1B	1.1x	6.0x
Cellcom Israel	$2.1B	1.6x	n/a
TIM Brasil	$2.0B	0.4x	0.8x
Oi	$2.0B	n/a	n/a
Telkom South Africa	$1.9B	0.8x	3.0x
Fujian Star-Net	$1.9B	0.7x	13.8x
Merit Interactive Co	$1.9B	n/a	n/a
Partner Communications Co.	$1.9B	1.9x	n/a
Ooredoo	$1.7B	0.7x	1.9x
Vtech	$1.7B	0.8x	7.1x
stc Kuwait	$1.7B	1.4x	5.9x
Tuas	$1.6B	18.8x	44.2x
Jishi Media	$1.6B	n/a	n/a
Okinawa Cellular	$1.6B	2.7x	9.3x
CITIC Telecom International	$1.5B	1.2x	5.7x
IDT	$1.4B	1.2x	n/a
WideOpenWest	$1.4B	2.3x	4.8x
RailTel	$1.3B	3.2x	20.8x
Telia Lietuva	$1.3B	n/a	n/a
Shentel	$1.2B	3.6x	11.6x
Gamma Communications	$1.2B	1.4x	6.6x
Telekom Slovenije	$1.2B	n/a	n/a
MTN Ghana	$1.1B	n/a	n/a
Pakistan Telecom	$1.1B	n/a	n/a
Chief Telecom	$1.1B	8.0x	24.5x
Macquarie Technology Group	$1.1B	4.3x	14.1x
Jordan Telecom	$1.0B	n/a	n/a
Guangdong South New Media	$941M	4.2x	9.2x
Telefónica Perú	$937M	n/a	n/a
Blue Label Telecoms	$910M	n/a	n/a
ATN International	$890M	1.2x	4.9x
Dialog Axiata	$885M	1.5x	n/a
Nepal Telecom	$885M	n/a	n/a
LINK Mobility Group	$884M	1.2x	11.5x
Sterlite Technologies	$798M	1.6x	14.5x
Etihad Atheeb Telecom	$787M	2.2x	11.0x
Makedonski Telekom	$720M	n/a	n/a
Sonaecom	$671M	n/a	n/a
SLTMobitel	$640M	n/a	n/a
Comba Telecom	$630M	1.1x	n/a
Route Mobile	$621M	1.1x	10.0x
Ovzon	$607M	10.2x	38.4x
GO plc	$557M	n/a	n/a
IndoInternet	$551M	n/a	n/a
SmarTone	$539M	n/a	n/a
Avantel	$495M	n/a	n/a
Telefónica Chile	$440M	n/a	n/a
Ooredoo Oman	$437M	0.7x	1.8x
Desktop Sigmanet	$407M	1.8x	3.6x
Jasmine International	$346M	n/a	n/a
Kinx	$331M	n/a	n/a
Eltel	$321M	0.3x	6.2x
Vision	$301M	1.1x	n/a
Bredband2	$264M	1.4x	8.7x
Nelco	$262M	n/a	n/a
Hutchison	$235M	0.4x	n/a
Hutchison Telecom	$227M	n/a	n/a
Intred	$222M	3.2x	7.4x
Tessellis	$163M	n/a	n/a
Crexendo	$159M	2.5x	19.4x
Zain Bahrain	$154M	n/a	n/a
Ooredoo Palestine	$152M	n/a	n/a
Unidata	$152M	1.2x	4.4x
FingerMotion	$115M	n/a	n/a
Parlem Telecom Companyia	$111M	1.8x	16.4x
Transtema Group	$108M	0.4x	5.3x
Dish TV India	$100M	0.5x	1.6x
Surgepays	$68.7M	0.9x	-3.7x
Ecotel	$62.8M	0.4x	5.1x
Planetel	$51.7M	1.1x	4.4x
uCloudlink	$42.4M	0.5x	7.1x
PHarol SGPS	$41.6M	n/a	n/a
ET Bogotá	$30.5M	n/a	n/a
Lleidanetworks Serveis	$29.1M	n/a	n/a
Optare Solutions	$28.9M	n/a	n/a
Convergenze	$22.7M	0.7x	3.6x
Softlab	$19.6M	n/a	n/a
Eurotel	$16.0M	n/a	n/a
Korbank	$15.5M	n/a	n/a
DG-Net	$13.3M	n/a	n/a
Sonim Technologies	$12.9M	0.2x	n/a
Wasko	$11.4M	n/a	n/a
Nord General	$10.9M	n/a	n/a
Telestrada	$10.3M	n/a	n/a
My Beat	$5.8M	n/a	n/a
Richtech Digital	$4.7M	n/a	n/a
Przedsiebiorstwo	$3.9M	n/a	n/a
ECL	$3.7M	n/a	n/a
TH1NG	$0.9M	n/a	n/a
Aiton Caldwell	$0.8M	n/a	n/a
UTStarcom	-$17.8M	-1.6x	n/a
Telebras	-$36.5M	n/a	n/a
APSTAR	-$65.8M	n/a	n/a