| Name | Country | Market Cap (US$) |
|---|
| Verizon Communications, Inc. | United States | 90,531 |
| Tencent Holdings Ltd | Hong Kong | 33,780 |
| China Unicom (Hong Kong) Ltd | China | 32,400 |
| Saudi Telecom Company | Saudi Arabia | 24,906 |
| KDDI Corporation | Japan | 22,936 |
| Emirates Telecommunications Corporation-Etisalat | United Arab Emirates | 22,112 |
| American Tower Corporation | United States | 16,383 |
| Maroc Telecom SA | Morocco | 15,967 |
| Turkcell Iletisim Hizmetleri A.S. | Turkey | 13,746 |
| Telmex Internacional SAB de CV | Mexico | 13,427 |
| Telecomunicacoes de Sao Paulo S.A. (TELESP) | Brazil | 12,961 |
| Belgacom SA | Belgium | 11,975 |
| Vodacom Group Ltd. | South Africa | 11,699 |
| Crown Castle International Corporation | United States | 10,778 |
| Etihad Etisalat Company | Saudi Arabia | 7,914 |
| Axiata Group Bhd | Malaysia | 7,828 |
| Scripps Networks Interactive, Inc. | United States | 6,648 |
| Qwest Communications International, Inc. | United States | 6,527 |
| Iliad SA | France | 6,476 |
| Qatar Telecom QSA | Qatar | 6,043 |
| Virgin Media Inc | United States | 5,449 |
| Inmarsat PLC | United Kingdom | 5,060 |
| Rostelecom OJSC | Russia | 4,817 |
| Windstream Corporation | United States | 4,308 |
| Clearwire Corporation | United States | 3,936 |
| Mobile Telecommunications Company Saudi Arabia | Saudi Arabia | 3,864 |
| Equinix, Inc. | United States | 3,770 |
| Telefonica del Peru | Peru | 3,667 |
| SBA Communications Corporation | United States | 3,650 |
| Telecom Argentina S.A | Argentina | 3,310 |
| Telefonica Moviles S.A | Peru | 2,974 |
| Sonatel SA | Senegal | 2,723 |
| Safaricom Limited | Kenya | 2,547 |
| Starhub Limited | Singapore | 2,525 |
| Nortel Inversora SA | Argentina | 2,470 |
| Palestinian Telecommunications Company | Palestinian Territory | 2,348 |
| Bahrain Telecommunications Co. | Bahrain | 2,292 |
| MetroPCS Communications, Inc. | United States | 2,231 |
| TW Telecom inc. | United States | 2,228 |
| Empresa de Telefonos de Bogota S.A. (ETB) | Colombia | 2,109 |
| Level 3 Communications, Inc. | United States | 1,984 |
| Jordan Telecommunications Limited | Jordan | 1,817 |
| NeuStar, Inc. | United States | 1,755 |
| Astral Media Inc. | Canada | 1,697 |
| Compania de Telecomunicaciones de Chile S.A. | Chile | 1,679 |
| Qisda Corporation | Taiwan | 1,149 |
| Leap Wireless International Inc. | United States | 1,109 |
| SP Telemedia Ltd | Australia | 1,036 |
| eAccess Ltd. | Japan | 992 |
| Loral Space & Communications Inc. | United States | 985 |
| j2 Global Communications | United States | 943 |
| T-Gaia Corp | Japan | 824 |
| Hutchison Telecommunications Hong Kong Holdings Limited | Hong Kong | 814 |
| Atlantic Tele-Network Inc. | Virgin Islands | 752 |
| Switch & Data Facilities Co Inc | United States | 642 |
| Sri Lanka Telecom Plc | Sri Lanka | 639 |
| Cincinnati Bell Inc. | United States | 617 |
| VolgaTelecom OJSC | Russia | 605 |
| Tulip Telecom Ltd. | India | 572 |
| Celtel Zambia Plc | Zambia | 555 |
| Iowa Telecommunications Services, Inc | United States | 525 |
| Premiere Global Services, Inc. | United States | 470 |
| Okinawa Cellular Telephone Company | Japan | 461 |
| Etihad Atheeb Telecommunication Co | Saudi Arabia | 453 |
| Terremark Worldwide, Inc. | United States | 429 |
| Ascom Holding AG | Switzerland | 364 |
| Alaska Communications Systems Group, Inc. | United States | 330 |
| RCN Corporation | United States | 326 |
| Avanti Communications Group Plc | United Kingdom | 300 |
| Go PLC | Malta | 288 |
| ShoreTel Inc | United States | 267 |
| ITC Networks Corporation | Japan | 237 |
| iBasis, Inc. | United States | 214 |
| RRSAT Global Communications Network Ltd | Israel | 196 |
| InterNap Network Services Corporation | United States | 193 |
| MEASAT Global Bhd | Malaysia | 192 |
| Otelco, Inc. | United States | 192 |
| Vonage Holdings Corporation | United States | 188 |
| ICO Global Communications (Holdings) Limited | United States | 173 |
| ITC DeltaCom, Inc. | United States | 170 |
| Samart Corporation Public Co Ltd | Thailand | 167 |
| Maxcom Telecomunicaciones, S.A.B. de C.V. | Mexico | 162 |
| TerreStar Corp. | United States | 160 |
| APT Satellite Holdings Ltd | Hong Kong | 148 |
| Japan Communications Inc. (JCI) | Japan | 146 |
| Pchome Online Inc. | Taiwan | 142 |
| Qiao Xing Universal Telephone, Inc. | China | 140 |
| Telestone Technologies Corp. | China | 133 |
| Globalstar, Inc. | United States | 133 |
| CNT Telefonica del Sur SA | Chile | 130 |
| Bashinformsvyaz | Russia | 118 |
| Ubiquoss Inc. | South Korea | 110 |
| XO Holdings Inc | United States | 106 |
| Iljin Holdings Co., Ltd. | South Korea | 104 |
| Service Stream Limited | Australia | 100 |
| Nexbis Limited | Australia | 98 |
| China GrenTech Corp. Ltd. | China | 95 |
| Alternative Networks plc | United Kingdom | 94 |
| Elephant Talk Communications, Inc | Netherlands | 93 |
| IDT Corporation | United States | 84 |
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