In this article, we will look at the 15 largest mobile phone companies in the world. To skip our detailed analysis, you can go directly to see the 5 largest mobile phone companies in the world.
To say that the mobile phone and telecommunications industry has evolved significantly over the past few decades, and especially the last decade, would be a massive understatement. While certainly not the first smartphone, when the iPhone first launched in 2007, smartphones were considered the exception rather than the norm. 15 years later, smartphones have taken over the world, with estimates suggesting that over 6 billion people own a smartphone, a number no one predicted back in 2007.
With the rise of smartphones and global connectivity, the telecommunications industry has also grown. While GPRS was the only form of internet available in the early days of cell phones, you’d be lucky to open Google after several minutes of trying. Now, 5G is taking over the world and the telecom sector has focused on further wireless and fiber deployment to meet the ever-increasing customer demand. There has also been an increased focus on multi-access edge computing not to mention private cellular networks as the market continues to gain momentum. Although this market is still relatively new, competition is increasing even as the market continues to expand.
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Another factor that the telecommunications sector must consider is the ever-increasing risk of cyber security, which leaves customers vulnerable. This is especially true for 5G, which as it continues to expand brings with it a new host of problems and concerns about vulnerability to hackers. That’s one of the reasons why investors are flocking to cybersecurity stocks. Meanwhile, mobile phone manufacturers have also now started producing mobile phones that are compatible with 5G, although generally this applies to only flagship series of most mobile phone models.
According to Grand View Research, the global telecommunications industry was worth approximately 1.7 trillion dollars in 2020 and is expected to grow at a CAGR of 5.4% from 2021 to 2028. The number of mobile phone subscribers is soaring and since the pandemic, this number has exploded. . With the pandemic confining most people to their own homes and the acceptance of working from home increasing to an unprecedented level, communication has mainly taken place through internet connections and mobile phones as opposed to face-to-face meetings, which has resulted in an added boon. for the largest mobile phone companies in the world (see 10 best dividend telecom stocks to buy).
To determine the largest mobile phone companies in the world, we decided to consider the biggest names in the industry, based on their Fortune Global 500 rankings. We then considered the total revenue, total profit, total assets and the number of employees for each company. We then assigned a 40% weight to revenue and profit, while we assign a 20% weight to total assets and the number of employees. Based on the aforementioned criteria, we then created composite rankings for the largest mobile phone companies in the world. We used several criteria rather than one, to come up with more accurate possible rankings. So, let’s take a look at the companies that dominated the industry, starting with number 15:
15. Orange SA (NYSE:ORAN)
Total revenue (in millions of dollars): 50,275
Total profits (in millions of dollars): 276
Total assets (in millions of dollars): 122,877
Total number of employees: 139,698
Orange SA (NYSE:ORAN) is a French multinational telecommunications company. Among the services provided by Orange SA (NYSE:ORAN) are landline, internet, IPTV services and of course mobile. While initially known as France Télécom, Orange SA (NYSE:ORAN) rebranded to its current name in 2013.
14. KDDI
Total income (in millions of dollars): 48,486
Total profits (in millions of dollars): 5,986
Total assets (in millions of dollars): 91,297
Total number of employees: 48,829
One of three Japanese companies on our list of largest mobile phone companies in the world, one of KDDI’s major achievements is working with five other companies to build a 60Tbits/s undersea data transmission cable that connected Japan to the United States. The cable began operations in 2016.
13. China United Network Communications
Total income (in millions of dollars): 50,828
Total profits (in millions of dollars): 978
Total assets (in millions of dollars): 93,400
Total number of employees: 242,661
One of three Chinese companies on the list, China United Network Communications is a state-owned telecommunications operator in China, and provides a variety of services including Internet services, local calling, data communication, long distance and mobile networks.
12. Telephone
Total income (in millions of dollars): 46,439
Total profits (in millions of dollars): 9,621
Total assets (in millions of dollars): 124,175
Total number of employees: 104,150
One of the largest mobile phone companies in Europe, Telefónica is a Spanish company that has many important brands such as O2, Vivo and Movistar.
11. America Movil, SAB de CV (NYSE:AMX)
Total income (in millions of dollars): 49,702
Total profits (in millions of dollars): 9,490
Total assets (in millions of dollars): 82,588
Total number of employees: 181,205
América Móvil, SAB de CV (NYSE:AMX) may be listed in the United States, but it is incorporated in Mexico. With more than 277.4 million wireless subscribers worldwide, América Móvil, SAB de CV (NYSE:AMX) is easily among the largest mobile phone companies in the world.
10. Charter Communications, Inc. (NASDAQ:CHTR)
Total revenue (in millions of dollars): 51,682
Total profits (in millions of dollars): 4,654
Total assets (in millions of dollars): 142,491
Total number of employees: 93,700
Charter Communications, Inc. (NASDAQ:CHTR) is an American telecommunications company. Charter Communications, Inc. (NASDAQ:CHTR) is also considered to be the second largest cable provider in the United States while Charter Communications, Inc. (NASDAQ:CHTR) has more than 26 million customers in 41 states,
9. SoftBank Group
Total income (in millions of dollars): 55,384
Total profits (in millions of dollars): -15,205
Total assets (in millions of dollars): 391,604
Total number of employees: 59,721
While SoftBank is not just a mobile phone company, telecommunications does make up an important part of the group’s operations. The third largest wireless carrier in Japan, SoftBank Group boasts more than 45 million subscribers. The company also manages the largest technology-focused venture capital fund in the world, which has more than $100 billion in capital while investors include sovereign wealth funds from rich countries in the Middle East.
8. Vodafone Group Public Limited Company (NASDAQ:VOD)
Total revenue (in millions of dollars): 52,932
Total profits (in millions of dollars): 2,425
Total assets (in millions of dollars): 170,479
Total number of employees: 96,941
Vodafone Group Public Limited Company (NASDAQ:VOD) is a British telecommunications company and has operations and networks in at least 22 countries while also operating partner networks in 48 additional countries. In addition, Vodafone Group Public Limited Company (NASDAQ:VOD) also provides telecommunications and IT services to corporate customers in nearly 150 countries. While its revenue decreased in 2021 compared to the previous year, the company saw an increase in net income.
7. China Telecommunications
Total revenue (in millions of dollars): 83,596
Total profits (in millions of dollars): 1,935
Total assets (in millions of dollars): 155,818
Total number of employees: 394,600
The second largest mobile phone company in China, China Telecommunications is a state-owned telecommunications company that has three listed companies: China Communications Services Corporation Limited, China Telecom Corporation Limited and Besttone Holding Co. It was sanctioned by the United States under an executive order by President Donald Trump that resulted in the company being delisted in 2021. In October 2021, the US Federal Communications Commission revoked the company’s operating license and in 2022, designated its US subsidiary to be. a national security threat.
6. Deutsche Telekom
Total income (in millions of dollars): 128,631
Total profits (in millions of dollars): 4,937
Total assets (in millions of dollars): 320,210
Total number of employees: 216,528
Deutsche Telekom is the largest mobile phone and telecommunications company in Europe. It is a German company, and operates several subsidiaries around the globe, and is the owner of one of the largest mobile phone brands in the world in T-Mobile. The total investments held by the German government, either directly or indirectly, was 31.9% in April 2020.
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Disclosure: None. 15 largest mobile phone companies in the world was originally published on Insider Monkey.
