Top 10 Telecommunication Company in the World
There are a lot of telecommunication company in the world. Most of them generate millions of dollars of revenue and profit each year. Being electronics and communication engineer, telecommunication engineer, or being a keen enthusiast of telecommunication market, you might wonder which are the world’s top ten telecom company. You might want to know how much revenue top most company in telecommunication industry generates the revenue and profit.
There is no limit to the telecommunication company. Over the years these sector has seen massive investment in the latest technology such as 3G and 4G. Now upcoming mobile technology is 5G. In this blog we will present you with the world’s most valuable telecommunication company. These companies have the market value over $55 billion.
As the telecommunication industry continues to grow, future of these company looks more promising. Here is the list of world’s top 10 telecommunication company as per the current market Value.
China mobile communication was founded in 1997. It is a Chinese government-owned company. It provides the telecommunication services to the people of China . It’s services include mobile voice and fast data services. It is ranked as the world’s number 1 telecommunication company. From the year 2013 to 2014, China mobile increased it’s revenue by almost 23%. China mobile has the world’s largest mobile customer as well.
Revenue: $105.0 B
Profit: $18.0 B
Market Value: $280.0 B
2. Verizon Communications Inc.
Verizon Communication Inc. is the largest telecommunication company in the United States of America. It was founded in 2000 after the merging of Bell Atlantic Corp and GTE Corp. Verizon launched its 3G network in 2002 and in 2010 it launched wide-area 4G LTE network.
Verizon is the word’s second largest telecommunication in terms of market value. In 2015, Verizon purchased AOL. So far, Verizon has more than 112.0 million wireless retail connections and operates in more than 140 countries.
Revenue: $130.0 B
Profit: $18.0 B (2015)
Market Value: $210.0 B
Another American Telecommunication company AT&T is third largest telecom company. It was founded in 1876 . This company is one of the oldest telecom company in US.
It has service product which includes wireless communications, local exchange services, long-distance services, data and broadband and Internet services, video services, telecommunications equipment, managed networking and wholesale services.
Revenue: $133.0 B
Profit: $7.0 B
Market Value: $173.0 B
4. Vodafone Group
Although Vodafone Australia is in million dollars loss, Vodafone group is world’s fourth largest telecom company in the world. It is British telecom giant. It has more than 400 million mobile customers all over the world. This company provides telecommunication and IT services almost over the 65 countries. Just within 30 years of a span, this company became one of the telecom giants in the world from small scale company.
Profit: $77.4 B
Market Value: $88.0 B
5. Nippon Telegraph & Telephone Corporation
Nippon Telegraph & Telephone Corporation is Japanese Telecom giant. It is also known as NTT. Japanese telecom company is renowned for it’s fastest broadband internet service. This company generates most of it’s revenue from fibre internet. It has largest mobile and broadband customers in Japan. It has headquarter is in one the most populated city of the world- Tokyo.
Revenue: $104.7 B
Profit: $5.2 B
Market Value: $85.5 B
6. SOFTBANK Group
Softbank group is Japanese multinational company in telecommunication industry. It provides the mobile and internet services. It was founded in 1981 as package software distributor. And then it entered in a telecommunication industry. It has partnerships with various foreign companies such as Yahoo!, E-Trade, Ustream.tv, EF Education First and Morningstar.
Revenue: $80.6 B
Profit: $5.8 B
Market Value: $80.3 B
7.Deutsche Telekom AG
Deutsche Telekon AG is German based telecommunication company. It has more than 151 million active customers all over the world. It’s presence is in more than 50 countries across the globe. Though it is German company it’s more than 50% of revenue comes outside of the Germany.
Revenue: $83.1 B
Profit: $3.9 B
Market Value: $79.0 B
It is Spain based telecommunication company. It has the presence over the 20 countries. It is one of the top 10 telecom company based on the market share.
Revenue: $66.8 B
Profit: $4.0 B
Market Value: $74.3 B
As of December 2015, Mexican company America Movil (NASDAQ: AMOV) serves 72,633 wireless subscribers, boasts a wireless market share of 68% and provides services to 289 million mobile customers. Total coverage of America Movil’s mobile, fixed lines, broadband and television services reaches 892 million customers worldwide.
Revenue: $63.7 B
Profit: $3.5 B
Market Value: $72.5 B
10. China Telecom
Chinese telecommunication company occupies both no 1 and no 10 position. China Telecom is Chinese giant in telecommunication with a market value around $55.0 Billion.
Revenue: $52.7 B
Profit: $2.9 B
Market Value: $54.9 B