| Rank | Company | Main markets | Technology | Total
subscriptions
(in millions) | Ownership
(100% ownership unless stated otherwise) |
| 1 |
 China Mobile
Communications Corporation |
China (China Mobile)
 Hong Kong (CMHK)
 Pakistan (Zong) |
|
1003.9[1]
(September 2024) |
Government of the People's Republic of China (74.25%)
Public stock (25.75%) |
| 2 |
 Bharti Airtel Limited |
- India (Airtel)
 Chad (Airtel) DR Congo (Airtel) Gabon (Airtel) Kenya (Airtel Kenya) Madagascar (Airtel) Malawi (Airtel) Niger (Airtel) Nigeria (Airtel) Republic of the Congo (Airtel) Rwanda (Airtel) Seychelles (Airtel) Tanzania (Airtel Tanzania) Uganda (Airtel Uganda) Zambia (Airtel)
|
- GSM, GPRS, EDGE,
- HSPA, UMTS, HSPA+,
- LTE, TD-LTE, FD-LTE, LTE Advanced, 5G
|
600[2]
(September 2025) |
Bharti Enterprises (66.57%)
Singtel (32.15%)
Google (1.28%) |
| 3 |
Reliance Jio Infocomm Limited |
India |
|
506[3]
(September 2025) |
Jio Platforms |
| 4 |
China Telecom Corp., Ltd |
China
 Macau |
|
423.4[4]
(September 2024) |
China Telecommunications Corporation (State Owned) (70.89%) |
| 5 |
China Unicom Limited |
China |
|
345.0[5]
(September 2024) |
China Unicom Limited (40.92%)
China Netcom Group (29.49%)
Telefónica (0.6%) |
| 6 |
 Vodafone Group plc |
|
|
310.0[6]
(May 2024) |
|
| 7 |
 América Móvil, S.A.B. de C.V |
 Argentina (Claro) Austria (Telekom Austria) Belarus (A1) Brazil (Claro) Bulgaria (A1) Chile (Claro) Colombia (Claro) Costa Rica (Claro) Croatia (A1) Dominican Republic (Claro) Ecuador (Claro) El Salvador (Claro) Guatemala (Claro) Honduras (Claro)- Mexico (Telcel)
 Nicaragua (Claro) North Macedonia (A1) Paraguay (Claro) Peru (Claro) Puerto Rico (Claro) Serbia (A1) Slovenia (A1 Slovenija) Uruguay (Claro)
|
|
315.8[7]
(September 2024) |
Helu Slim (36.50%)
Carlos Slim (6.84%)
Public stock (56.66%) |
| 8 |
 Orange S.A. |
|
|
305.3[8]
(December 2024) |
Public stock (77%)
Government of France (23%) |
| 9 |
 Telefónica S.A. |
- Argentina (Movistar)
- Brazil (Vivo)
- Chile (Movistar)
- Colombia (Movistar)
- Ecuador (Movistar)
 Germany (O2)- Mexico (Movistar)
- Peru (Movistar)
- Spain (Movistar)
- United Kingdom (O2)
- Uruguay (Movistar)
 Venezuela (Movistar)
|
|
270.5[9]
(May 2025) |
|
| 10 |
 MTN Group Limited |
 Benin Botswana Cameroon- Republic of the Congo
 Eswatini (30%) Ghana Guinea Iran (49%) Ivory Coast Liberia- Nigeria
- Rwanda
- South Africa
 South Sudan Sudan- Uganda
- Zambia
|
|
288.0[10]
(September 2024) |
Public stock (60.02%)
Government Employees Pension Fund (25.33%)
M1 (10.05%) |
| 11 |
Deutsche Telekom AG |
|
- GSM, GPRS, EDGE,
- UMTS, HSPA, HSPA+, DC-HSPA+,
- LTE, LTE-A, LTE-A Pro, 5G NR
|
258.8[11]
(September 2024) |
Free float (68.1%)
Federal Republic of Germany (31.9%) |
| 12 |
Vodafone Idea Ltd |
India |
- GSM, GPRS, EDGE,
- UMTS, HSPA, HSPA+,
- LTE, TD-LTE, FD-LTE, LTE Advanced, 5G
|
203.86[12]
(July 2025) |
Government of India (49.8%)
Vodafone Group Plc (23.2%)
Aditya Birla Group (9.85%) |
| 13 |
 Axiata Group Berhad |
|
|
162.5[13]
(December 2023) |
Public stock (54.91%)
Government of Malaysia (45.09%) |
| 14 |
 PT Telekomunikasi Selular (Telkomsel) |
Indonesia
 East Timor |
|
159.3[14]
(December 2023) |
Telkom Indonesia (65%)
Singtel (35%) |
| 15 |
 Emirates Telecommunication
Group Company PJSC (Etisalat) |
 Afghanistan (etisalat)- Benin (Moov)
 Burkina Faso (Moov) Central African Republic (Moov)- Chad (Moov)
 Egypt (e& Egypt)- Gabon (Moov)
- Côte d'Ivoire (Moov)
 Mali (Sotelma) Mauritania (Mauritel) Morocco (Maroc Telecom)- Niger (Moov)
- Pakistan (Ufone)
 Saudi Arabia (Mobily) Togo (Moov)- United Arab Emirates (e&)
|
|
159[15]
(2021) |
Emirates Investment Authority (60.03%)
Public stock (39.97%) |
| 16 |
VEON Ltd. |
 Bangladesh (Banglalink) Kazakhstan (Beeline) Kyrgyzstan (Beeline)- Pakistan (Jazz)
 Ukraine (Kyivstar) Uzbekistan (Beeline)
|
|
153.9[16]
(December 2024) |
Letterone Investment Holdings S.A. (45.5%)
The Stichting Administratiekantoor Mobile Telecommunications Investor (7.9%)
Lingotto Investment Management LLP (7.8%)
Shah Capital Management Inc. (6.7%)[17] |
| 17 |
 Ooredoo QSC |
|
|
149.4[18]
(Q3 2024) |
Government of Qatar |
| 18 |
 Verizon Communications |
United States
 United States Virgin Islands
Puerto Rico |
|
146[19]
(December 2024) |
Verizon Communications |
| 19 |
AT&T Inc. |
United States (AT&T Mobility LLC)
Mexico (AT&T Mexico) |
|
139.0[20]
(September 2024) |
Institutional Shares (59.28%)
Vanguard Group Inc (14.12%)
Blackrock Inc (11.49%)[21] |
| 20 |
 Telenor ASA |
|
|
138.31[22]
(Q3 2024) |
Government of Norway (53.97%)
Public stock (41.74%)
The Government Pension Fund of Norway (4.79%) |
| 21 |
 Viettel Group |
 Burundi (Lumitel) Cambodia (Metfone)- Cameroon (Nexttel)
- East Timor (Telemor)
 Haiti (Natcom) Laos (Unitel) Mozambique (Movitel) Myanmar (Mytel)- Peru (Bitel)
- Tanzania (Halotel)
- Vietnam
|
|
110.0[23]
(Q1 2022) |
Government of Vietnam |
| 22 |
BSNL Mobile |
India |
- GSM, GPRS, EDGE,
- UMTS, HSPA, HSDPA, TD-HSDPA, HSPA+
- , LTE, TD-LTE, FD-LTE, LTE Advanced, 5G
|
91.74[24] |
Government of India |
| 23 |
 NTT Docomo Inc. |
Japan |
|
91.4[25]
(Q3 2025) |
Nippon Telegraph and Telephone |
| 24 |
 Mobile TeleSystems (MTS) |
Russia
Belarus |
|
87.60[26]
(Q3 2024) |
Sistema (50.8%) |
| 25 |
MegaFon |
Russia
 Tajikistan |
|
77.26[27]
(Q2 2024) |
AF Telecom Holding LLC (56.32%)
USM Telecom LLC (43.68%) |
