This is the largest telecommunications company in the world Al...

The telecommunications sector is undergoing rapid changes. Whereas in the past, traditional technologies such as landline, radio and television dominated the sector, both mobile phones and the Internet are now at the forefront of the telecommunications sector.

Telecom companies generate huge revenues of billions of dollars.

A report published by “Argaam” reviews the top 10 telecommunications companies in the world, based on the annual revenues of these companies over a 12-month period, as of August 3, 2020.

1- AT&T

The American company AT&T topped the list with revenues of $ 175.1 billion. It is a holding company that provides communications and digital entertainment services around the world. Its services include wireless communications, Internet services, digital video, film and games production and distribution. The company also owns sports networks. Regional TV, with a net income of $ 12 billion, and a market value of about $ 211 billion.

2- Verizon

The American company “Verizon” provides many services, including telecommunications products and services, entertainment and information, wireless and video communications, cloud services, security services, and local and long-distance calling services.

Its revenues were about $ 130 billion over the 12 months as of August 3, 2020, and its net income was $ 19.1 billion, and its market value reached about $ 238 billion.

3- Nippon Telegraph and Telephone

NTT is a Japanese holding company that provides local telecommunications services, sells communications equipment, and provides telecommunications services for mobile phones. In addition to its business in the telecommunications sector, the company also runs businesses in the real estate sector, finance, and other sectors.

NTT generated about $ 110 billion in revenue over the 12 months from August 3, 2020, and achieved a net income of about $ 8 billion, with a market value of $ 84.1 billion.

4- China Mobile

It is a holding investment company headquartered in China, whose main business is focused in the telecommunications sector, providing domestic and international calls, roaming services, information services, and other services, and its revenues reached about $ 108 billion over a 12-month period as of August 3, 2020, and achieved Net income of 15.4 billion dollars, and a market value of about 140 billion dollars.

5- Deutsche Telekom

Deutsche Telekom had revenues of about $ 90 billion over a 12-month period from August 3, 2020, and achieved net income of $ 4.3 billion, and its market value reached $ 79 billion.

Deutsche Telekom provides fixed-line telephone service, mobile phone services, the Internet, and information and communication technology services to customers in Germany, Eastern Europe and the United States of America.

6- Softbank Group

The Japanese company “Softbank Group” operates mainly in the telecommunications and Internet sector, providing fixed and mobile telecommunications services. The company also works in the field of Internet advertising and e-commerce.

SoftBank Group’s revenues reached $ 57 billion over 12 months as of August 3, 2020, while it recorded a loss of $ 9 billion during that period, while its market value reached $ 123.4 billion.

7- China Telecom

The revenues of the Chinese company, “China Telecom”, amounted to about $ 54 billion over the 12 months from August 3, 2020, and achieved a net income of about $ 3 billion, while its market value reached $ 24 billion. The company provides fixed and mobile telecommunications services, the Internet, as well as Network equipment rental.

8- Telefonica

It is a Spanish multinational telecommunications company, working in the field of telecommunications, cables, data, internet and television, and its revenues reached about $ 51 billion over 12 months as of August 3, and achieved net income of about $ 200 million, and its market value reached $ 22.1 billion. .

9- Vodafone Group

The revenues of the British company “Vodafone” amounted to about $ 50 billion over a 12-month period as of August 3, 2020, and recorded a loss of $ 1 billion, and its market value reached about $ 41 billion.

Vodafone provides mobile phone services, such as communications and messaging, in addition to fixed-line services, including broadband services, as well as Internet services and cloud services.

10- America Movil

It is a Mexican telecommunications company, providing telecommunications services, fixed data and pay-TV to customers around the world, its revenues amounted to about $ 50 billion over 12 months as of August 3, 2020, and it has achieved net income of $ 1.1 billion, and its market value has reached 55 Billion dollar.