| Name | Country | Market Cap (US$) |
|---|
| Verizon Communications, Inc. | United States | 83,259 |
| China Unicom (Hong Kong) Ltd | China | 32,825 |
| Tencent Holdings Ltd | Hong Kong | 32,075 |
| Saudi Telecom Company | Saudi Arabia | 24,266 |
| KDDI Corporation | Japan | 23,274 |
| Emirates Telecommunications Corporation-Etisalat | United Arab Emirates | 22,503 |
| Maroc Telecom SA | Morocco | 16,587 |
| Turkcell Iletisim Hizmetleri A.S. | Turkey | 15,445 |
| American Tower Corporation | United States | 15,272 |
| Telmex Internacional SAB de CV | Mexico | 13,232 |
| Telecomunicacoes de Sao Paulo S.A. (TELESP) | Brazil | 13,094 |
| Belgacom SA | Belgium | 12,489 |
| Vodacom Group Ltd. | South Africa | 10,105 |
| Crown Castle International Corporation | United States | 9,571 |
| Etihad Etisalat Company | Saudi Arabia | 8,418 |
| Axiata Group Bhd | Malaysia | 7,410 |
| Scripps Networks Interactive, Inc. | United States | 6,482 |
| Qatar Telecom QSA | Qatar | 6,267 |
| Qwest Communications International, Inc. | United States | 6,233 |
| Iliad SA | France | 6,143 |
| Virgin Media Inc | United States | 4,907 |
| Rostelecom OJSC | Russia | 4,747 |
| Clearwire Corporation | United States | 4,700 |
| Inmarsat PLC | United Kingdom | 4,509 |
| Windstream Corporation | United States | 4,446 |
| Telefonica del Peru | Peru | 4,167 |
| Brasil Telecom Participacoes S.A. | Brazil | 4,048 |
| Mobile Telecommunications Company Saudi Arabia | Saudi Arabia | 3,995 |
| Equinix, Inc. | United States | 3,587 |
| SBA Communications Corporation | United States | 3,448 |
| Telecom Argentina S.A | Argentina | 3,413 |
| Telefonica Moviles S.A | Peru | 2,945 |
| Sonatel SA | Senegal | 2,745 |
| Nortel Inversora SA | Argentina | 2,499 |
| Starhub Limited | Singapore | 2,336 |
| Palestinian Telecommunications Company | Palestinian Territory | 2,334 |
| Bahrain Telecommunications Co. | Bahrain | 2,330 |
| Safaricom Limited | Kenya | 2,126 |
| MetroPCS Communications, Inc. | United States | 2,116 |
| Level 3 Communications, Inc. | United States | 2,059 |
| TW Telecom inc. | United States | 2,046 |
| Jordan Telecommunications Limited | Jordan | 1,813 |
| Empresa de Telefonos de Bogota S.A. (ETB) | Colombia | 1,800 |
| NeuStar, Inc. | United States | 1,750 |
| Astral Media Inc. | Canada | 1,716 |
| Qisda Corporation | Taiwan | 1,111 |
| eAccess Ltd. | Japan | 1,022 |
| Leap Wireless International Inc. | United States | 1,009 |
| j2 Global Communications | United States | 978 |
| Compania de Telecomunicaciones de Chile S.A. | Chile | 977 |
| T-Gaia Corp | Japan | 949 |
| SP Telemedia Ltd | Australia | 837 |
| Hutchison Telecommunications Hong Kong Holdings Limited | Hong Kong | 832 |
| Loral Space & Communications Inc. | United States | 797 |
| Atlantic Tele-Network Inc. | Virgin Islands | 791 |
| Sri Lanka Telecom Plc | Sri Lanka | 668 |
| Cincinnati Bell Inc. | United States | 632 |
| Switch & Data Facilities Co Inc | United States | 614 |
| Celtel Zambia Plc | Zambia | 566 |
| Tulip Telecom Ltd. | India | 562 |
| Okinawa Cellular Telephone Company | Japan | 512 |
| VolgaTelecom OJSC | Russia | 503 |
| Premiere Global Services, Inc. | United States | 480 |
| Etihad Atheeb Telecommunication Co | Saudi Arabia | 455 |
| Terremark Worldwide, Inc. | United States | 435 |
| Iowa Telecommunications Services, Inc | United States | 386 |
| North West Telecom | Russia | 385 |
| Ascom Holding AG | Switzerland | 373 |
| Alaska Communications Systems Group, Inc. | United States | 342 |
| RCN Corporation | United States | 297 |
| ShoreTel Inc | United States | 272 |
| Avanti Communications Group Plc | United Kingdom | 264 |
| ITC Networks Corporation | Japan | 256 |
| Vonage Holdings Corporation | United States | 212 |
| MEASAT Global Bhd | Malaysia | 195 |
| RRSAT Global Communications Network Ltd | Israel | 183 |
| Otelco, Inc. | United States | 176 |
| Samart Corporation Public Co Ltd | Thailand | 168 |
| D&E Communications Inc. | United States | 168 |
| iBasis, Inc. | United States | 166 |
| InterNap Network Services Corporation | United States | 161 |
| TerreStar Corp. | United States | 159 |
| Japan Communications Inc. (JCI) | Japan | 157 |
| ICO Global Communications (Holdings) Limited | United States | 150 |
| Qiao Xing Universal Telephone, Inc. | China | 148 |
| XO Holdings Inc | United States | 144 |
| CNT Telefonica del Sur SA | Chile | 139 |
| Pchome Online Inc. | Taiwan | 129 |
| Maxcom Telecomunicaciones, S.A.B. de C.V. | Mexico | 128 |
| APT Satellite Holdings Ltd | Hong Kong | 117 |
| ITC DeltaCom, Inc. | United States | 117 |
| Globalstar, Inc. | United States | 109 |
| Iljin Holdings Co., Ltd. | South Korea | 106 |
| Service Stream Limited | Australia | 101 |
| Telestone Technologies Corp. | China | 98 |
| IDT Corporation | United States | 87 |
| Ubiquoss Inc. | South Korea | 85 |
| Elephant Talk Communications, Inc | Netherlands | 84 |
| Bell-Park Co., Ltd. | Japan | 83 |
| Alternative Networks plc | United Kingdom | 82 |
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