| Name | Country | Market Cap (US$) |
|---|
| Verizon Communications, Inc. | United States | 86,441 |
| Tencent Holdings Ltd | Hong Kong | 33,663 |
| China Unicom (Hong Kong) Ltd | China | 32,208 |
| Saudi Telecom Company | Saudi Arabia | 25,386 |
| KDDI Corporation | Japan | 22,739 |
| Emirates Telecommunications Corporation-Etisalat | United Arab Emirates | 22,308 |
| Maroc Telecom SA | Morocco | 16,525 |
| American Tower Corporation | United States | 16,315 |
| Turkcell Iletisim Hizmetleri A.S. | Turkey | 13,955 |
| Telmex Internacional SAB de CV | Mexico | 13,027 |
| Telecomunicacoes de Sao Paulo S.A. (TELESP) | Brazil | 12,837 |
| Belgacom SA | Belgium | 12,354 |
| Vodacom Group Ltd. | South Africa | 11,459 |
| Crown Castle International Corporation | United States | 10,906 |
| Etihad Etisalat Company | Saudi Arabia | 8,120 |
| Axiata Group Bhd | Malaysia | 7,903 |
| Scripps Networks Interactive, Inc. | United States | 6,665 |
| Qwest Communications International, Inc. | United States | 6,458 |
| Iliad SA | France | 6,367 |
| Qatar Telecom QSA | Qatar | 6,043 |
| Virgin Media Inc | United States | 5,475 |
| Inmarsat PLC | United Kingdom | 4,868 |
| Rostelecom OJSC | Russia | 4,779 |
| Windstream Corporation | United States | 4,295 |
| Clearwire Corporation | United States | 4,110 |
| Mobile Telecommunications Company Saudi Arabia | Saudi Arabia | 3,883 |
| Telefonica del Peru | Peru | 3,783 |
| SBA Communications Corporation | United States | 3,709 |
| Equinix, Inc. | United States | 3,701 |
| Telecom Argentina S.A | Argentina | 3,235 |
| Telefonica Moviles S.A | Peru | 2,974 |
| Sonatel SA | Senegal | 2,723 |
| Safaricom Limited | Kenya | 2,574 |
| Nortel Inversora SA | Argentina | 2,400 |
| Palestinian Telecommunications Company | Palestinian Territory | 2,366 |
| Starhub Limited | Singapore | 2,319 |
| MetroPCS Communications, Inc. | United States | 2,298 |
| Bahrain Telecommunications Co. | Bahrain | 2,273 |
| TW Telecom inc. | United States | 2,188 |
| Empresa de Telefonos de Bogota S.A. (ETB) | Colombia | 2,038 |
| Level 3 Communications, Inc. | United States | 1,984 |
| Jordan Telecommunications Limited | Jordan | 1,831 |
| NeuStar, Inc. | United States | 1,757 |
| Astral Media Inc. | Canada | 1,677 |
| Qisda Corporation | Taiwan | 1,128 |
| Leap Wireless International Inc. | United States | 1,105 |
| SP Telemedia Ltd | Australia | 1,023 |
| eAccess Ltd. | Japan | 1,005 |
| Compania de Telecomunicaciones de Chile S.A. | Chile | 976 |
| j2 Global Communications | United States | 921 |
| Loral Space & Communications Inc. | United States | 867 |
| T-Gaia Corp | Japan | 866 |
| Hutchison Telecommunications Hong Kong Holdings Limited | Hong Kong | 832 |
| Atlantic Tele-Network Inc. | Virgin Islands | 757 |
| Sri Lanka Telecom Plc | Sri Lanka | 650 |
| Switch & Data Facilities Co Inc | United States | 633 |
| Cincinnati Bell Inc. | United States | 603 |
| VolgaTelecom OJSC | Russia | 564 |
| Tulip Telecom Ltd. | India | 563 |
| Celtel Zambia Plc | Zambia | 555 |
| Okinawa Cellular Telephone Company | Japan | 462 |
| Premiere Global Services, Inc. | United States | 461 |
| Etihad Atheeb Telecommunication Co | Saudi Arabia | 459 |
| Terremark Worldwide, Inc. | United States | 431 |
| North West Telecom | Russia | 418 |
| Iowa Telecommunications Services, Inc | United States | 409 |
| Ascom Holding AG | Switzerland | 377 |
| Avanti Communications Group Plc | United Kingdom | 312 |
| RCN Corporation | United States | 309 |
| Alaska Communications Systems Group, Inc. | United States | 300 |
| ShoreTel Inc | United States | 262 |
| ITC Networks Corporation | Japan | 240 |
| RRSAT Global Communications Network Ltd | Israel | 192 |
| InterNap Network Services Corporation | United States | 192 |
| MEASAT Global Bhd | Malaysia | 189 |
| Otelco, Inc. | United States | 184 |
| Vonage Holdings Corporation | United States | 182 |
| ICO Global Communications (Holdings) Limited | United States | 173 |
| Samart Corporation Public Co Ltd | Thailand | 169 |
| iBasis, Inc. | United States | 161 |
| TerreStar Corp. | United States | 159 |
| Maxcom Telecomunicaciones, S.A.B. de C.V. | Mexico | 153 |
| Japan Communications Inc. (JCI) | Japan | 148 |
| Qiao Xing Universal Telephone, Inc. | China | 148 |
| Pchome Online Inc. | Taiwan | 146 |
| APT Satellite Holdings Ltd | Hong Kong | 139 |
| CNT Telefonica del Sur SA | Chile | 138 |
| Telestone Technologies Corp. | China | 138 |
| ITC DeltaCom, Inc. | United States | 134 |
| Globalstar, Inc. | United States | 133 |
| Bashinformsvyaz | Russia | 118 |
| Iljin Holdings Co., Ltd. | South Korea | 106 |
| Ubiquoss Inc. | South Korea | 106 |
| XO Holdings Inc | United States | 103 |
| Service Stream Limited | Australia | 97 |
| China GrenTech Corp. Ltd. | China | 95 |
| Elephant Talk Communications, Inc | Netherlands | 93 |
| Alternative Networks plc | United Kingdom | 90 |
| Nexbis Limited | Australia | 90 |
| IDT Corporation | United States | 84 |
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