Stocks are tumbling in Asia, Europe and the U.S. after President Trump announced his administration's "Liberation Day" tariffs on April 2, 2025.
Keep an eye on the biggest companies in the telecom industry with Fierce Network's Stock Watch.
Largest telecom service providers and operators by market cap in 2025
As of 2025, the largest telecom service providers by market capitalization are:
1. T-Mobile US – $302.5 billion - NASDAQ:TMUS
2. China Mobile – $230 billion - HKEX:941
3. AT&T – $202.3 billion - NYSE:T
4. Verizon Communications – $189.1 billion - NYSE: VZ
5. Deutsche Telekom – $166.9 billion - OTCMKTS: DTEGY
6. Comcast – $152.86 billion - NASDAQ: CMCSA
7. Bharti Airtel – $101.8 billion - INR: BHARTIARTL
8. American Tower Corporation – $90.71 billion - NYSE:AMT
9. SoftBank Group – $88.8 billion - OTCMKTS: SFTBY
10. Nippon Telegraph and Telephone (NTT) – $81.84 billion - OTCMKTS: NTTYY
Largest telecom equipment vendors by market cap in 2025
1. Cisco Systems (U.S.) – $247.85 billion - NASDAQ: CSCO
2. Motorola Solutions (U.S.) – $79.56 billion - NYSE:MSI
3. Foxconn Industrial Internet (China) – $58.80 billion - SHA: 601138
4. Hewlett Packard Enterprise (U.S.) – $32.04 billion- NYSE:HPE
5. Ubiquiti Inc. (U.S.) – $26.07 billion - NYSE:UI
6. Zebra Technologies (U.S.) – $21.72 billion - NASDAQ:ZBRA
7. Nokia (Finland) – $21.61 billion - OMXHEX:NOKIA
8. Ericsson (Sweden) – $20.58 billion - NASDAQ:ERIC
9. ZTE (China) – $19.19 billion - HKEX:763
10. Shenzhen Transsion Holdings (China) – $15.48 billion - 688036.SS