| Name | Country | Market Cap (US$) |
|---|
| Chunghwa Telecom Co., Ltd. | Taiwan | 24,175 |
| Telefonos de Mexico S.A.B. de C.V. | Mexico | 22,817 |
| Vimpel Communications | Russia | 21,538 |
| Carso Global Telecom S.A. de C.V. | Mexico | 18,259 |
| EMAAR Properties pjsc | United Arab Emirates | 17,579 |
| PT Telekomunikasi Indonesia | Indonesia | 17,021 |
| Swisscom AG | Switzerland | 16,749 |
| Zain Group | Kuwait | 16,651 |
| Telekomunikacja Polska S.A. | Poland | 14,492 |
| Telemar Norte Leste S.A. | Brazil | 13,264 |
| Telus Corporation | Canada | 12,018 |
| Turk Telekomunikasyon A.S. | Turkey | 11,991 |
| TDC AS | Denmark | 11,554 |
| OTE S.A. | Greece | 10,683 |
| Brasil Telecom S.A. | Brazil | 10,461 |
| Portugal Telecom S.G.P.S., S.A. | Portugal | 10,433 |
| Philippine Long Distance Telephone Company | Philippines | 10,384 |
| Vivo Participacoes S.A | Brazil | 9,469 |
| Telekom Austria AG | Austria | 9,391 |
| Tele Norte Leste Participacoes, S.A. | Brazil | 9,277 |
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