Sector Alpha Week of 2026-07-28
20-quarter listed-company comparison

Telecom Services Stocks

Telecom Services: Verizon Communications Inc. owns the largest revenue base; Kyivstar Group Ltd. has the fastest current growth.

The industry itself · before any single company

How has Telecom Services moved against S&P 500?

The line below covers 5.2 years. Over the most recent two of them this industry is 10% behind S&P 500. Earnings across its companies grew 12% on average over the last four reported quarters.

BASING · 1y −8.2%~Moving with the index6 of 44 companies ahead of S&P 500 by 5% or more over three months5 are 20% or more behind over a year while earnings grew 20% or more

RS — · 15/44 >200d (−1) · 6/44 lead (+1) · EPS 25/43↑

200202620252024202320222021 241348 TRAILING 12-MONTH EPS · 100 AT THE START0100Mar 22Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · up 200.0% on a year ago · 29 reportingJun 2022 · trailing 12-month earnings per share at 94, against 100 at the start · no comparable year yet · 30 reportingSep 2022 · trailing 12-month earnings per share at 91, against 100 at the start · no comparable year yet · 30 reportingDec 2022 · trailing 12-month earnings per share at 60, against 100 at the start · no comparable year yet · 30 reportingMar 2023 · trailing 12-month earnings per share at 52, against 100 at the start · down 48.2% on a year ago · 30 reportingJun 2023 · trailing 12-month earnings per share at 57, against 100 at the start · down 38.1% on a year ago · 30 reportingSep 2023 · trailing 12-month earnings per share at 54, against 100 at the start · down 38.6% on a year ago · 30 reportingDec 2023 · trailing 12-month earnings per share at 56, against 100 at the start · up 1.3% on a year ago · 30 reportingMar 2024 · trailing 12-month earnings per share at 56, against 100 at the start · down 8.4% on a year ago · 30 reportingJun 2024 · trailing 12-month earnings per share at 52, against 100 at the start · down 14.7% on a year ago · 30 reportingSep 2024 · trailing 12-month earnings per share at 45, against 100 at the start · down 1.7% on a year ago · 30 reportingDec 2024 · trailing 12-month earnings per share at 35, against 100 at the start · up 9.0% on a year ago · 31 reportingMar 2025 · trailing 12-month earnings per share at 35, against 100 at the start · up 8.6% on a year ago · 31 reportingJun 2025 · trailing 12-month earnings per share at 53, against 100 at the start · up 16.1% on a year ago · 32 reportingSep 2025 · trailing 12-month earnings per share at 51, against 100 at the start · up 18.6% on a year ago · 32 reportingDec 2025 · trailing 12-month earnings per share at 43, against 100 at the start · up 4.0% on a year ago · 32 reportingMar 2026 · trailing 12-month earnings per share at 50, against 100 at the start · up 8.6% on a year ago · 32 reportingNot reported yet — earnings trail price by a quarter or two50 · Mar 26No earnings on file this far back — the price series reaches further than the filings do
200202620252024202320222021 241348 TRAILING 12-MONTH EPS · 100 AT THE START0100Mar 22Mar 23Mar 24Mar 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · up 200.0% on a year ago · 29 reportingJun 2022 · trailing 12-month earnings per share at 94, against 100 at the start · no comparable year yet · 30 reportingSep 2022 · trailing 12-month earnings per share at 91, against 100 at the start · no comparable year yet · 30 reportingDec 2022 · trailing 12-month earnings per share at 60, against 100 at the start · no comparable year yet · 30 reportingMar 2023 · trailing 12-month earnings per share at 52, against 100 at the start · down 48.2% on a year ago · 30 reportingJun 2023 · trailing 12-month earnings per share at 57, against 100 at the start · down 38.1% on a year ago · 30 reportingSep 2023 · trailing 12-month earnings per share at 54, against 100 at the start · down 38.6% on a year ago · 30 reportingDec 2023 · trailing 12-month earnings per share at 56, against 100 at the start · up 1.3% on a year ago · 30 reportingMar 2024 · trailing 12-month earnings per share at 56, against 100 at the start · down 8.4% on a year ago · 30 reportingJun 2024 · trailing 12-month earnings per share at 52, against 100 at the start · down 14.7% on a year ago · 30 reportingSep 2024 · trailing 12-month earnings per share at 45, against 100 at the start · down 1.7% on a year ago · 30 reportingDec 2024 · trailing 12-month earnings per share at 35, against 100 at the start · up 9.0% on a year ago · 31 reportingMar 2025 · trailing 12-month earnings per share at 35, against 100 at the start · up 8.6% on a year ago · 31 reportingJun 2025 · trailing 12-month earnings per share at 53, against 100 at the start · up 16.1% on a year ago · 32 reportingSep 2025 · trailing 12-month earnings per share at 51, against 100 at the start · up 18.6% on a year ago · 32 reportingDec 2025 · trailing 12-month earnings per share at 43, against 100 at the start · up 4.0% on a year ago · 32 reportingMar 2026 · trailing 12-month earnings per share at 50, against 100 at the start · up 8.6% on a year ago · 32 reportingNot reported yet — earnings trail price by a quarter or two50No earnings on file this far back — the price series reaches further than the filings do
Telecom Services, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy NarrowHow much of the industry is participating, how recently, and whether the movers score well.
Together6 of 44 stocks moving
Fresh2 crossed in the last 4 weeks
Backed by scoresmovers score +5 vs the industry average
Down the cap ladder — bar is now, tick is four weeks ago
Large 0/90
Mid 3/16+2
Small 3/19−1

Participation is spreading downward — the mid and small companies added more this month than the large ones did.

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 44 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Telecom Services outperforming S&P 500?

Telecom Services has outperformed S&P 500 by 1.1% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 10.9%. 5 of 20 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Iridium Communications Inc. is the strongest against the sector itself at +58.5%.

-10.9%Sector vs S&P 500 · 13 weeks
+1.1%Sector vs S&P 500 · 52 weeks
5/20Stocks leading S&P 500
6/20Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Telecom Services has outperformed S&P 500 by 1.1% over 52 weeks and 10.9% over 13 weeks. 5 of 20 covered companies beat the S&P 500 on Mansfield relative strength, while 6 of 20 beat the sector itself. Verizon Communications Inc. leads with revenue of $139,146 million, based on 13 of 21 comparable companies through Mar 2026.

Is the Telecom Services sector outperforming S&P 500?

Telecom Services has outperformed S&P 500 by 1.1% over 52 weeks and 10.9% over 13 weeks. 5 of 20 covered companies beat the S&P 500 on Mansfield relative strength, while 6 of 20 beat the sector itself.

Which Telecom Services company is largest by revenue?

Verizon Communications Inc. leads with revenue of $139,146 million, based on 13 of 21 comparable companies through Mar 2026.

Which Telecom Services company is growing fastest?

Kyivstar Group Ltd. has the fastest current revenue growth at 24.2%, across 13 of 21 comparable companies.

Which Telecom Services company has the strongest 4-Factor Sector Score?

VEON Ltd. ranks first at 61.7/100 with 82% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Telecom Services company reports the most CAPEX?

AT&T Inc. reports the largest latest CAPEX at $5,700 million, with 21 of 21 companies comparable.

Which Telecom Services company has the least gross debt?

Kyivstar Group Ltd. has the lowest comparable gross debt at $526 million. Verizon Communications Inc. has the highest at $195,872 million.

Which Telecom Services company has the lowest comparable PEG?

BCE Inc. has the lowest comparable Guarded PEG at 0.15, among 6 of 21 companies that pass the metric’s comparability rules.

How much history does this Telecom Services comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
21
complete canonical membership
Combined market value
$870.5B
Verizon Communications Inc.
Revenue growing
10/13
positive TTM year-on-year growth
Beating S&P 500
5/20
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
VEON Ltd. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 82% evidence confidence.
Verizon Communications Inc. looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Verizon Communications Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. VEON Ltd. · VEON

61.7/100 · Mixed-positive evidence · 82% evidence

Exact sum: 22.2 + 13.5 + 14 + 12 = 61.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

22.2/35Growth & earnings

Revenue 11.9% · PAT 11.5% · OPM change 2.2 pp

83% evidence

13.5/25Capital efficiency

ROCE 5.8% · debt/equity 2.91×

80% evidence

14.0/20Valuation

P/E 6.1× · PEG 0.42

65% evidence

12.0/20Relative strength

RS sector -3.7% · RS bench -8.9% · 1Y 1.7%

100% evidence

2. Verizon Communications Inc. · VZ

58.8/100 · Mixed-positive evidence · 82% evidence

Exact sum: 15 + 13.5 + 13.8 + 16.5 = 58.8

Decision use: Price leads the evidence: RS versus the benchmark is 0.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

15.0/35Growth & earnings

Revenue 2.9% · PAT -2.4% · OPM change 0.1 pp

83% evidence

13.5/25Capital efficiency

ROCE 2.5% · debt/equity 1.87×

80% evidence

13.8/20Valuation

P/E 12.2× · PEG 0.19

65% evidence

16.5/20Relative strength

RS sector 6.8% · RS bench 0.7% · 1Y 12.4%

100% evidence

3. BCE Inc. · BCE

57.3/100 · Mixed-positive evidence · 82% evidence

Exact sum: 22.8 + 11.4 + 15.7 + 7.4 = 57.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

22.8/35Growth & earnings

Revenue 1.6% · PAT 100% · OPM change 3.3 pp

83% evidence

11.4/25Capital efficiency

ROCE 2% · debt/equity 1.82×

80% evidence

15.7/20Valuation

P/E 5.2× · PEG 0.15

65% evidence

7.4/20Relative strength

RS sector -10.5% · RS bench -15.6% · 1Y -7.5%

100% evidence

4. Kyivstar Group Ltd. · KYIV

55.6/100 · Mixed-positive evidence · 72% evidence

Exact sum: 12.6 + 17.5 + 9 + 16.5 = 55.6

Decision use: Price leads the evidence: RS versus the benchmark is -0.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

12.6/35Growth & earnings

Revenue 24.2% · PAT -42.2% · OPM change -1.9 pp

83% evidence

17.5/25Capital efficiency

ROCE 7.3% · debt/equity 0.39×

80% evidence

9.0/20Valuation

P/E 26.3× · PEG —

15% evidence

16.5/20Relative strength

RS sector 5.2% · RS bench -0.2% · 1Y 30.1%

100% evidence

5. Millicom International Cellular S.A. · TIGO

54.3/100 · Mixed-positive evidence · 72% evidence

Exact sum: 16.2 + 10.8 + 9.8 + 17.5 = 54.3

Decision use: Price leads the evidence: RS versus the benchmark is 35.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

16.2/35Growth & earnings

Revenue 13.1% · PAT 17.3% · OPM change -8.3 pp

83% evidence

10.8/25Capital efficiency

ROCE 3.2% · debt/equity 3.7×

80% evidence

9.8/20Valuation

P/E 10.2× · PEG —

15% evidence

17.5/20Relative strength

RS sector 44% · RS bench 35.6% · 1Y 137%

100% evidence

6. AT&T Inc. · T

52.1/100 · Thin evidence · provisional · 59% evidence

Exact sum: 19.4 + 12.3 + 10.4 + 10 = 52.1

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

19.4/35Growth & earnings

Revenue — · PAT — · OPM change 2.3 pp

45% evidence

12.3/25Capital efficiency

ROCE 1.9% · debt/equity 1.27×

80% evidence

10.4/20Valuation

P/E 6.9× · PEG —

15% evidence

10.0/20Relative strength

RS sector -6.3% · RS bench -11.6% · 1Y -11.1%

100% evidence

7. Globalstar, Inc. · GSAT

51.7/100 · Mixed-positive evidence · 62% evidence

Exact sum: 21.5 + 6.7 + 10 + 13.5 = 51.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

21.5/35Growth & earnings

Revenue 11.9% · PAT — · OPM change 25.9 pp

62% evidence

6.7/25Capital efficiency

ROCE 0.4% · debt/equity 1.54×

80% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

13.5/20Relative strength

RS sector 28.2% · RS bench 20.7% · 1Y 241.4%

100% evidence

8. Telefônica Brasil S.A. · VIV

50.0/100 · Mixed-positive evidence · 82% evidence

Exact sum: 19.9 + 14.8 + 8.5 + 6.8 = 50

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.9/35Growth & earnings

Revenue 7% · PAT 10.3% · OPM change 1.2 pp

83% evidence

14.8/25Capital efficiency

ROCE 2.3% · debt/equity 0.57×

80% evidence

8.5/20Valuation

P/E 20.8× · PEG 1.55

65% evidence

6.8/20Relative strength

RS sector -4.4% · RS bench -10.1% · 1Y 16.2%

100% evidence

9. Array Digital Infrastructure, Inc. · AD

49.5/100 · Mixed-negative evidence · 65% evidence

Exact sum: 23.1 + 15 + 9.4 + 2 = 49.5

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -29.8% and the one-year return is -52.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

23.1/35Growth & earnings

Revenue 6.9% · PAT — · OPM change 418.9 pp

62% evidence

15.0/25Capital efficiency

ROCE 2.4% · debt/equity 0.65×

80% evidence

9.4/20Valuation

P/E 19.2× · PEG —

15% evidence

2.0/20Relative strength

RS sector -29.8% · RS bench -33.6% · 1Y -52.4%

100% evidence

10. Iridium Communications Inc. · IRDM

49.2/100 · Thin evidence · provisional · 59% evidence

Exact sum: 12.2 + 8.3 + 8.7 + 20 = 49.2

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

12.2/35Growth & earnings

Revenue — · PAT — · OPM change -4.9 pp

45% evidence

8.3/25Capital efficiency

ROCE 1.4% · debt/equity 3.73×

80% evidence

8.7/20Valuation

P/E 62.3× · PEG —

15% evidence

20.0/20Relative strength

RS sector 58.5% · RS bench 49.7% · 1Y 87.9%

100% evidence

11. Rogers Communications Inc. · RCI

45.8/100 · Thin evidence · provisional · 59% evidence

Exact sum: 16.5 + 10.3 + 10.9 + 8.1 = 45.8

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

16.5/35Growth & earnings

Revenue — · PAT — · OPM change -1 pp

45% evidence

10.3/25Capital efficiency

ROCE 1.5% · debt/equity 2×

80% evidence

10.9/20Valuation

P/E 4× · PEG —

15% evidence

8.1/20Relative strength

RS sector -6.5% · RS bench -11.7% · 1Y 3.1%

100% evidence

12. Charter Communications, Inc. · CHTR

45.7/100 · Thin evidence · provisional · 59% evidence

Exact sum: 16.6 + 13.1 + 11 + 5 = 45.7

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

16.6/35Growth & earnings

Revenue — · PAT — · OPM change 0 pp

45% evidence

13.1/25Capital efficiency

ROCE 3.5% · debt/equity 4.36×

80% evidence

11.0/20Valuation

P/E 3.7× · PEG —

15% evidence

5.0/20Relative strength

RS sector -33.5% · RS bench -37.3% · 1Y -47.1%

100% evidence

13. Telephone and Data Systems, Inc. · TDS

44.8/100 · Mixed-negative evidence · 65% evidence

Exact sum: 19.8 + 13.5 + 8.5 + 3 = 44.8

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.8/35Growth & earnings

Revenue -0.7% · PAT — · OPM change 58 pp

62% evidence

13.5/25Capital efficiency

ROCE 1.4% · debt/equity 0.24×

80% evidence

8.5/20Valuation

P/E 79.4× · PEG —

15% evidence

3.0/20Relative strength

RS sector -17.3% · RS bench -22.1% · 1Y -10.6%

100% evidence

14. Comcast Corporation · CMCSA

43.2/100 · Thin evidence · provisional · 59% evidence

Exact sum: 13.4 + 12.5 + 10.1 + 7.2 = 43.2

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

13.4/35Growth & earnings

Revenue — · PAT — · OPM change -5.8 pp

45% evidence

12.5/25Capital efficiency

ROCE 2.2% · debt/equity 1×

80% evidence

10.1/20Valuation

P/E 7.9× · PEG —

15% evidence

7.2/20Relative strength

RS sector -16.4% · RS bench -21% · 1Y -25.6%

100% evidence

15. T-Mobile US, Inc. · TMUS

42.8/100 · Mixed-negative evidence · 82% evidence

Exact sum: 13.5 + 11.3 + 10.1 + 7.9 = 42.8

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

13.5/35Growth & earnings

Revenue 9.5% · PAT -11.5% · OPM change -3.5 pp

83% evidence

11.3/25Capital efficiency

ROCE 2.3% · debt/equity 2.17×

80% evidence

10.1/20Valuation

P/E 22.3× · PEG 1.24

65% evidence

7.9/20Relative strength

RS sector -14% · RS bench -18.6% · 1Y -23.1%

100% evidence

16. Lumen Technologies, Inc. · LUMN

39.2/100 · Mixed-negative evidence · 65% evidence

Exact sum: 18.4 + 7.5 + 11.2 + 2.1 = 39.2

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

18.4/35Growth & earnings

Revenue -6.8% · PAT — · OPM change 17.4 pp

62% evidence

7.5/25Capital efficiency

ROCE 2.1% · debt/equity 62.03×

80% evidence

11.2/20Valuation

P/E 3.6× · PEG —

15% evidence

2.1/20Relative strength

RS sector -18.3% · RS bench -22.9% · 1Y 66.8%

100% evidence

17. EchoStar Corporation · ECHO

37.3/100 · Mixed-negative evidence · 65% evidence

Exact sum: 17.5 + 4.5 + 11.5 + 3.8 = 37.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

17.5/35Growth & earnings

Revenue -5.6% · PAT — · OPM change 13 pp

62% evidence

4.5/25Capital efficiency

ROCE 0.9% · debt/equity 4.97×

80% evidence

11.5/20Valuation

P/E 2.2× · PEG —

15% evidence

3.8/20Relative strength

RS sector -11% · RS bench -16.6% · 1Y 219.1%

100% evidence

18. TELUS Corporation · TU

25.7/100 · Adverse evidence · 82% evidence

Exact sum: 8.4 + 8.3 + 3.8 + 5.2 = 25.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

8.4/35Growth & earnings

Revenue 0.1% · PAT -43.6% · OPM change -4.3 pp

83% evidence

8.3/25Capital efficiency

ROCE 1.1% · debt/equity 1.9×

80% evidence

3.8/20Valuation

P/E 29.8× · PEG 4.21

65% evidence

5.2/20Relative strength

RS sector -22.3% · RS bench -26.4% · 1Y -31.5%

100% evidence

19. Vodafone Group Public Limited Company · VOD

54.0/100 · Thin evidence · provisional · 40% evidence

Exact sum: 18.7 + 8.7 + 9.9 + 16.7 = 54

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

18.7/35Growth & earnings

Revenue — · PAT — · OPM change —

16% evidence

8.7/25Capital efficiency

ROCE 0.3% · debt/equity —

46% evidence

9.9/20Valuation

P/E 9.5× · PEG —

15% evidence

16.7/20Relative strength

RS sector 18.6% · RS bench 11.7% · 1Y 49.5%

100% evidence

20. Liberty Broadband Corporation · LBRDA

44.6/100 · Thin evidence · provisional · 46% evidence

Exact sum: 17.3 + 11 + 10.2 + 6.1 = 44.6

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

17.3/35Growth & earnings

Revenue — · PAT -384.1% · OPM change 7.2 pp

10% evidence

11.0/25Capital efficiency

ROCE 0% · debt/equity 0.43×

80% evidence

10.2/20Valuation

P/E 7.9× · PEG —

15% evidence

6.1/20Relative strength

RS sector -32.5% · RS bench -36.3% · 1Y -45.2%

100% evidence

21. Liberty Global Ltd. · LBTYB

41.8/100 · Thin evidence · provisional · 39% evidence

Exact sum: 13.7 + 6.8 + 11.3 + 10 = 41.8

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

13.7/35Growth & earnings

Revenue — · PAT — · OPM change -3.3 pp

45% evidence

6.8/25Capital efficiency

ROCE 0% · debt/equity 0.96×

80% evidence

11.3/20Valuation

P/E 3× · PEG —

15% evidence

10.0/20Relative strength

RS sector — · RS bench — · 1Y 19.2%

0% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Verizon Communications Inc. has the highest Revenue among the 21 Telecom Services companies compared here, at $139,146 million. T-Mobile US, Inc. is next at $90,530 million. Kyivstar Group Ltd. has the highest Revenue growth at 24.2%, so level and change sit with different companies. 13 of 21 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Verizon Communications Inc. is the scale leader at $139,146 million, 53.7% ahead of T-Mobile US, Inc.. Kyivstar Group Ltd.'s growth is 24.2% from a $1,222 million base, with 9 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderVerizon Communications Inc. · $139,146 million
Gap53.7% versus #2 · T-Mobile US, Inc.
Persistence7/8 recent comparable periods
Coverage13/21 companies · 370 observations

Investor read: Verizon Communications Inc. is the scale benchmark; Kyivstar Group Ltd. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Verizon Communications Inc.'s growth falls below Kyivstar Group Ltd.'s for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Verizon Communications Inc. VZ$139.1B
2T-Mobile US, Inc. TMUS$90.5B
3Telefônica Brasil S.A. VIV$60.7B
4BCE Inc. BCE$24.7B
5TELUS Corporation TU$20.3B
Revenue growthfastest growers
1Kyivstar Group Ltd. KYIV24%
2Millicom International Cellular S.A. TIGO13%
3Globalstar, Inc. GSAT12%
4VEON Ltd. VEON12%
5T-Mobile US, Inc. TMUS9.5%
Revenue · company comparison
13/21 level · 13/21 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Verizon Communications Inc. VZ$34.4B2.9%Mar 2026
AT&T Inc. T$31.5B2.9%Jun 2026
Comcast Corporation CMCSA$31.5B5.3%Jun 2026
T-Mobile US, Inc. TMUS$23.1B11%Mar 2026
Vodafone Group Public Limited Company VOD$20.9B8.8%Mar 2026
Telefônica Brasil S.A. VIV$15.5B7.4%Mar 2026
Charter Communications, Inc. CHTR$13.6B-1.0%Jun 2026
BCE Inc. BCE$6.2B4.0%Mar 2026
Rogers Communications Inc. RCI$5.5B10%Jun 2026
TELUS Corporation TU$5.0B-0.6%Mar 2026
EchoStar Corporation ECHO$3.7B-5.3%Mar 2026
Lumen Technologies, Inc. LUMN$2.9B-8.9%Mar 2026
Millicom International Cellular S.A. TIGO$2.0B45%Mar 2026
Liberty Global Ltd. LBTYB$1.3B8.9%Jun 2026
VEON Ltd. VEON$1.2B17%Mar 2026
Kyivstar Group Ltd. KYIV$323M27%Mar 2026
Telephone and Data Systems, Inc. TDS$309M6.6%Mar 2026
Liberty Broadband Corporation LBRDA$261M6.1%Mar 2026
Iridium Communications Inc. IRDM$219M1.9%Jun 2026
Globalstar, Inc. GSAT$70M17%Mar 2026
Array Digital Infrastructure, Inc. AD$52M93%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AT&T Inc. · T

$31.3B
$31.1B
$29.7B
$29.6B
$30.0B
$31.3B
$30.1B
$29.9B
$30.4B
$32.0B
$30.0B
$29.8B
$30.2B
$32.3B
$30.6B
$30.8B
$30.7B
$33.5B
$31.5B

BCE Inc. · BCE

$5.8B
$6.2B
$5.9B
$5.9B
$6.0B
$6.4B
$6.1B
$6.1B
$6.1B
$6.5B
$6.0B
$6.0B
$6.0B
$6.4B
$5.9B
$6.1B
$6.0B
$6.4B
$6.2B

Charter Communications, Inc. · CHTR

$13.1B
$13.2B
$13.2B
$13.6B
$13.6B
$13.7B
$13.7B
$13.7B
$13.6B
$13.7B
$13.7B
$13.7B
$13.8B
$13.9B
$13.7B
$13.8B
$13.7B
$13.6B
$13.6B

Comcast Corporation · CMCSA

$30.3B
$30.3B
$31.0B
$30.0B
$29.8B
$30.6B
$29.7B
$30.5B
$30.1B
$31.3B
$30.1B
$29.7B
$32.1B
$31.9B
$29.9B
$30.3B
$31.2B
$32.3B
$31.5B

EchoStar Corporation · ECHO

$505M
$18.3B
$502M
$499M
$497M
$500M
$4.4B
$4.4B
$4.1B
$4.2B
$4.0B
$4.0B
$3.9B
$4.0B
$3.9B
$3.7B
$3.6B
$3.8B
$3.7B

Millicom International Cellular S.A. · TIGO

$1.0B
$1.3B
$1.4B
$1.4B
$1.4B
$1.4B
$1.4B
$1.4B
$1.4B
$1.5B
$1.5B
$1.5B
$1.4B
$1.4B
$1.4B
$1.4B
$1.4B
$1.7B
$2.0B

Rogers Communications Inc. · RCI

$3.7B
$3.9B
$3.6B
$3.9B
$3.7B
$4.2B
$3.8B
$5.0B
$5.1B
$5.3B
$4.9B
$5.1B
$5.1B
$5.5B
$5.0B
$5.2B
$5.3B
$6.2B
$5.5B

T-Mobile US, Inc. · TMUS

$19.6B
$20.8B
$20.1B
$19.7B
$19.5B
$20.3B
$19.6B
$19.2B
$19.3B
$20.5B
$19.6B
$19.8B
$20.2B
$21.9B
$20.9B
$21.1B
$22.0B
$24.3B
$23.1B

Telefônica Brasil S.A. · VIV

$10.9B
$11.4B
$12.2B
$12.7B
$12.7B
$13.1B
$13.5B
$13.5B
$13.7B
$14.0B
$14.6B
$14.4B
$14.6B
$14.9B
$15.6B
$15.5B

TELUS Corporation · TU

$4.2B
$4.5B
$4.3B
$4.4B
$4.6B
$5.0B
$4.9B
$4.9B
$5.0B
$5.2B
$4.9B
$4.9B
$5.0B
$5.3B
$5.0B
$5.0B
$5.1B
$5.2B
$5.0B

Verizon Communications Inc. · VZ

$32.9B
$34.1B
$33.6B
$33.8B
$34.2B
$35.3B
$32.9B
$32.6B
$33.3B
$35.1B
$33.0B
$32.8B
$33.3B
$35.7B
$33.5B
$34.5B
$33.8B
$36.4B
$34.4B

Vodafone Group Public Limited Company · VOD

$22.5B
$23.1B
$22.9B
$22.8B
$18.0B
$18.7B
$18.3B
$19.2B
$19.6B
$20.9B

Revenue growth · reported quarter history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AT&T Inc. · T

-17%
-4.1%
0.8%
1.4%
0.9%
1.0%
2.2%
-0.4%
-0.4%
-0.5%
0.9%
2.0%
3.5%
1.6%
3.6%
2.9%

BCE Inc. · BCE

2.9%
3.2%
3.7%
3.5%
3.5%
0.9%
0.5%
-0.7%
-1.0%
-1.8%
-0.8%
-1.4%
1.3%
1.3%
-0.3%
4.0%

Charter Communications, Inc. · CHTR

6.2%
3.1%
3.5%
3.4%
0.5%
0.3%
0.3%
0.2%
0.2%
1.6%
1.6%
0.4%
0.6%
-0.9%
-2.3%
-1.0%

Comcast Corporation · CMCSA

5.2%
-1.5%
0.7%
-4.3%
1.7%
0.9%
2.3%
1.2%
-2.7%
6.5%
2.1%
-0.6%
2.1%
-2.7%
1.2%
5.3%

EchoStar Corporation · ECHO

-0.2%
-1.6%
-97%
774%
773%
727%
733%
-8.5%
-9.3%
-5.3%
-4.7%
-3.6%
-5.8%
-7.1%
-4.3%
-5.3%

Millicom International Cellular S.A. · TIGO

45%
38%
10%
-2.8%
-3.7%
2.6%
6.8%
8.6%
4.7%
0.5%
-3.2%
-8.0%
-5.9%
-0.8%
16%
45%

Rogers Communications Inc. · RCI

8.0%
2.1%
6.3%
6.0%
30%
36%
28%
28%
0.9%
0.7%
2.7%
1.5%
2.4%
4.3%
13%
10%

T-Mobile US, Inc. · TMUS

-1.3%
-0.8%
-2.5%
-2.4%
-2.6%
-1.2%
1.0%
-0.2%
3.0%
4.7%
6.8%
6.6%
6.9%
8.9%
11%
11%

Telefônica Brasil S.A. · VIV

11%
12%
7.5%
6.9%
6.5%
7.1%
7.7%
6.2%
7.1%
6.5%
7.1%
7.4%

TELUS Corporation · TU

6.4%
9.3%
13%
16%
13%
7.5%
2.7%
-1.2%
-0.7%
1.0%
3.4%
3.1%
2.7%
0.5%
-1.9%
-0.6%

Verizon Communications Inc. · VZ

0.1%
4.0%
3.5%
-1.9%
-3.5%
-2.6%
-0.3%
0.2%
0.6%
-0.0%
1.6%
1.5%
5.2%
1.5%
2.0%
2.9%

Vodafone Group Public Limited Company · VOD

5.0%
3.2%
2.0%
-1.4%
-22%
-18%
1.6%
2.3%
7.3%
8.8%
02 · compare level, then change

Operating Economics & Margin Trend

Array Digital Infrastructure, Inc. has the highest OPM among the 21 Telecom Services companies compared here, at 309.1%. Telephone and Data Systems, Inc. is next at 47.6%. The same company also holds the highest Margin change, at +418.9 percentage points. 20 of 21 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Array Digital Infrastructure, Inc. leads both opm at 309.1% and margin change at +418.9 percentage points.

LeaderArray Digital Infrastructure, Inc. · 309.1%
Gap549.4% versus #2 · Telephone and Data Systems, Inc.
Persistence4/8 recent comparable periods
Coverage20/21 companies · 360 observations

Investor read: Array Digital Infrastructure, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Array Digital Infrastructure, Inc. AD309%
2Telephone and Data Systems, Inc. TDS48%
3Kyivstar Group Ltd. KYIV35%
4VEON Ltd. VEON26%
5Verizon Communications Inc. VZ24%
Margin changefastest expanders
1Array Digital Infrastructure, Inc. AD+418.9 pp
2Telephone and Data Systems, Inc. TDS+58.0 pp
3Globalstar, Inc. GSAT+25.9 pp
4Lumen Technologies, Inc. LUMN+17.4 pp
5EchoStar Corporation ECHO+13.0 pp
Operating margin · company comparison
20/21 level · 20/21 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
Array Digital Infrastructure, Inc. AD309%+418.9 ppMar 2026
Telephone and Data Systems, Inc. TDS48%+58.0 ppMar 2026
Kyivstar Group Ltd. KYIV35%−1.9 ppMar 2026
VEON Ltd. VEON26%+2.2 ppMar 2026
Verizon Communications Inc. VZ24%+0.1 ppMar 2026
Charter Communications, Inc. CHTR24%0.0 ppJun 2026
Iridium Communications Inc. IRDM23%−4.9 ppJun 2026
Millicom International Cellular S.A. TIGO22%−8.3 ppMar 2026
AT&T Inc. T21%+2.3 ppJun 2026
Rogers Communications Inc. RCI21%−1.0 ppJun 2026
Lumen Technologies, Inc. LUMN21%+17.4 ppMar 2026
BCE Inc. BCE21%+3.3 ppMar 2026
T-Mobile US, Inc. TMUS20%−3.5 ppMar 2026
Liberty Broadband Corporation LBRDA16%+7.2 ppMar 2026
Telefônica Brasil S.A. VIV15%+1.2 ppMar 2026
Comcast Corporation CMCSA13%−5.8 ppJun 2026
Globalstar, Inc. GSAT12%+25.9 ppMar 2026
EchoStar Corporation ECHO11%+13.0 ppMar 2026
TELUS Corporation TU11%−4.3 ppMar 2026
Liberty Global Ltd. LBTYB1.9%−3.3 ppJun 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AT&T Inc. · T

20%
16%
19%
17%
20%
-67%
20%
21%
19%
17%
20%
19%
7.0%
17%
19%
21%
20%
17%
21%

BCE Inc. · BCE

23%
19%
24%
21%
23%
17%
21%
22%
23%
18%
18%
22%
-12%
19%
17%
22%
6.6%
17%
21%

Charter Communications, Inc. · CHTR

22%
22%
21%
24%
22%
22%
21%
24%
23%
24%
23%
24%
24%
24%
24%
24%
23%
24%
24%

Comcast Corporation · CMCSA

18%
16%
18%
21%
-8.1%
15%
19%
22%
22%
14%
19%
22%
18%
16%
19%
20%
18%
11%
13%

EchoStar Corporation · ECHO

12%
18%
9.0%
9.2%
9.5%
10%
8.1%
5.8%
-0.8%
-21%
-0.4%
-1.7%
-4.1%
-1.6%
-2.3%
-5.7%
-461%
-21%
11%

Globalstar, Inc. · GSAT

-45%
-45%
-42%
-31%
-496%
-23%
12%
4.8%
3.5%
-23%
-8.3%
-2.4%
13%
-6.9%
-14%
9.2%
14%
-0.5%
12%

Millicom International Cellular S.A. · TIGO

13%
14%
16%
16%
14%
17%
13%
14%
14%
15%
21%
23%
20%
25%
30%
25%
27%
25%
22%

Rogers Communications Inc. · RCI

26%
22%
25%
25%
25%
25%
27%
21%
25%
22%
22%
23%
27%
25%
22%
23%
24%
24%
21%

T-Mobile US, Inc. · TMUS

8.1%
5.1%
9.0%
3.6%
6.6%
14%
17%
20%
19%
17%
20%
23%
24%
21%
23%
25%
21%
15%
20%

Telefônica Brasil S.A. · VIV

17%
13%
14%
16%
13%
16%
17%
14%
15%
16%
17%
14%
15%
19%
18%
15%

TELUS Corporation · TU

16%
24%
17%
17%
17%
13%
12%
12%
10%
13%
12%
14%
16%
14%
15%
3.5%
15%
13%
11%

Verizon Communications Inc. · VZ

27%
22%
23%
22%
23%
21%
23%
22%
22%
1.7%
23%
24%
18%
21%
24%
24%
24%
14%
24%

Margin change · reported quarter history

Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AT&T Inc. · T

−4.5 pp
+0.1 pp
−83.0 pp
+1.3 pp
+4.7 pp
−0.9 pp
+83.8 pp
−0.4 pp
−2.1 pp
−12.1 pp
0.0 pp
−0.7 pp
+1.8 pp
+12.9 pp
+0.8 pp
+2.3 pp

BCE Inc. · BCE

+1.0 pp
−0.7 pp
−2.0 pp
−3.5 pp
+0.4 pp
+0.8 pp
+1.3 pp
−3.0 pp
+0.8 pp
−35.1 pp
+0.6 pp
−0.3 pp
−0.4 pp
+18.3 pp
−1.3 pp
+3.3 pp

Charter Communications, Inc. · CHTR

+3.6 pp
−0.7 pp
−0.2 pp
+0.4 pp
0.0 pp
+1.4 pp
+1.6 pp
+1.5 pp
+0.1 pp
+1.2 pp
+0.5 pp
+0.7 pp
0.0 pp
−1.3 pp
−0.3 pp
0.0 pp

Comcast Corporation · CMCSA

+1.9 pp
−26.1 pp
−1.1 pp
+1.0 pp
+0.8 pp
+29.6 pp
−0.5 pp
+0.3 pp
+0.3 pp
−3.2 pp
+1.3 pp
−0.4 pp
−2.5 pp
−0.6 pp
−4.8 pp
−5.8 pp

EchoStar Corporation · ECHO

−3.9 pp
−2.9 pp
−7.4 pp
−0.9 pp
−3.4 pp
−10.3 pp
−30.8 pp
−8.5 pp
−7.5 pp
−3.3 pp
+18.9 pp
−1.9 pp
−4.0 pp
−456.4 pp
−18.9 pp
+13.0 pp

Globalstar, Inc. · GSAT

+22.0 pp
−450.9 pp
+22.4 pp
+54.1 pp
+35.7 pp
+499.5 pp
−0.3 pp
−20.6 pp
−7.2 pp
+9.5 pp
+16.0 pp
−5.9 pp
+11.6 pp
+0.8 pp
+6.4 pp
+25.9 pp

Millicom International Cellular S.A. · TIGO

+10.5 pp
+0.7 pp
+2.5 pp
−3.1 pp
−2.7 pp
+0.2 pp
−1.8 pp
+7.9 pp
+9.3 pp
+6.0 pp
+10.3 pp
+8.9 pp
+2.2 pp
+6.5 pp
−0.6 pp
−8.3 pp

Rogers Communications Inc. · RCI

+4.5 pp
−0.9 pp
+2.7 pp
+1.9 pp
−4.1 pp
−0.5 pp
−3.0 pp
−4.8 pp
+2.7 pp
+2.5 pp
+3.1 pp
+0.1 pp
−0.7 pp
−3.1 pp
−1.0 pp
−1.0 pp

T-Mobile US, Inc. · TMUS

−7.0 pp
−1.5 pp
+8.5 pp
+8.3 pp
+16.2 pp
+12.1 pp
+3.4 pp
+3.1 pp
+3.6 pp
+5.1 pp
+4.0 pp
+2.6 pp
+1.3 pp
−3.2 pp
−5.6 pp
−3.5 pp

Telefônica Brasil S.A. · VIV

−3.1 pp
+0.5 pp
+2.0 pp
+1.0 pp
+0.9 pp
+0.1 pp
+0.1 pp
−0.3 pp
+0.4 pp
+2.2 pp
+1.7 pp
+1.2 pp

TELUS Corporation · TU

+1.4 pp
+0.9 pp
−10.3 pp
−4.9 pp
−5.6 pp
−6.8 pp
−0.4 pp
−0.4 pp
+2.1 pp
+5.2 pp
+1.3 pp
+3.2 pp
−10.4 pp
−1.0 pp
−0.9 pp
−4.3 pp

Verizon Communications Inc. · VZ

−1.8 pp
−4.0 pp
−1.8 pp
−0.2 pp
−0.3 pp
−0.7 pp
−18.8 pp
−0.2 pp
+1.7 pp
−4.6 pp
+19.1 pp
+1.0 pp
−0.1 pp
+6.2 pp
−7.0 pp
+0.1 pp
03 · compare level, then change

Profit Scale & Acceleration

Verizon Communications Inc. has the highest Net profit among the 21 Telecom Services companies compared here, at $17,771 million. T-Mobile US, Inc. is next at $10,543 million. BCE Inc. has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Verizon Communications Inc. leads with $17,771 million of TTM profit, 68.6% above T-Mobile US, Inc.. BCE Inc. shows ≥100% on the scoring scale (981.2% uncapped) growth from a $6,498 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderVerizon Communications Inc. · $17,771 million
Gap68.6% versus #2 · T-Mobile US, Inc.
Persistence4/8 recent comparable periods
Coverage14/21 companies · 380 observations

Investor read: Verizon Communications Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Verizon Communications Inc. VZ$17.8B
2T-Mobile US, Inc. TMUS$10.5B
3Telefônica Brasil S.A. VIV$6.7B
4BCE Inc. BCE$6.5B
5VEON Ltd. VEON$1.6B
Profit growthfastest growers
1BCE Inc. BCE100%
2Millicom International Cellular S.A. TIGO17%
3VEON Ltd. VEON12%
4Telefônica Brasil S.A. VIV10%
5Verizon Communications Inc. VZ-2.4%
Net profit · company comparison
14/21 level · 9/21 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Verizon Communications Inc. VZ$5.1B3.3%Mar 2026
AT&T Inc. T$4.2B-10%Jun 2026
T-Mobile US, Inc. TMUS$2.5B-15%Mar 2026
Comcast Corporation CMCSA$2.0B-39%Jun 2026
Telefônica Brasil S.A. VIV$1.6B13%Mar 2026
Charter Communications, Inc. CHTR$1.4B-3.3%Jun 2026
BCE Inc. BCE$667M-2.3%Mar 2026
Rogers Communications Inc. RCI$438M56%Jun 2026
Liberty Global Ltd. LBTYB$358M-225%Jun 2026
Telephone and Data Systems, Inc. TDS$356M4,350%Mar 2026
Liberty Broadband Corporation LBRDA$203M-13%Mar 2026
Array Digital Infrastructure, Inc. AD$178M790%Mar 2026
TELUS Corporation TU$144M-52%Mar 2026
VEON Ltd. VEON$123M4.2%Mar 2026
Kyivstar Group Ltd. KYIV$85M93%Mar 2026
Millicom International Cellular S.A. TIGO$74M-66%Mar 2026
Iridium Communications Inc. IRDM$22M-27%Jun 2026
Globalstar, Inc. GSAT$-17M-90%Mar 2026
EchoStar Corporation ECHO$-147M-463%Mar 2026
Lumen Technologies, Inc. LUMN$-200M-102%Mar 2026
Vodafone Group Public Limited Company VOD$-993M-13%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AT&T Inc. · T

$5.0B
$5.2B
$5.1B
$4.8B
$6.3B
$-23.1B
$4.5B
$4.8B
$3.8B
$2.6B
$3.8B
$3.9B
$145M
$4.4B
$4.7B
$4.9B
$9.7B
$4.2B
$4.2B

BCE Inc. · BCE

$813M
$658M
$934M
$654M
$771M
$567M
$788M
$397M
$707M
$435M
$457M
$604M
$-1.2B
$505M
$683M
$644M
$4.6B
$632M
$667M

Charter Communications, Inc. · CHTR

$1.4B
$1.8B
$1.4B
$1.7B
$1.4B
$1.4B
$1.2B
$1.4B
$1.4B
$1.2B
$1.3B
$1.4B
$1.5B
$1.7B
$1.4B
$1.5B
$1.3B
$1.5B
$1.4B

Comcast Corporation · CMCSA

$3.9B
$3.0B
$3.5B
$3.2B
$-4.7B
$2.9B
$3.8B
$4.2B
$4.0B
$3.2B
$3.8B
$3.8B
$3.6B
$4.7B
$3.3B
$11.0B
$3.2B
$2.1B
$2.0B

EchoStar Corporation · ECHO

$30M
$2.4B
$89M
$10M
$20M
$48M
$273M
$233M
$-119M
$-2.0B
$-108M
$-207M
$-144M
$335M
$-203M
$-307M
$-12.8B
$-1.2B
$-147M

Millicom International Cellular S.A. · TIGO

$47M
$-32M
$30M
$-7M
$-48M
$41M
$-20M
$-47M
$-25M
$-157M
$82M
$78M
$58M
$53M
$215M
$67M
$67M
$266M
$74M

Rogers Communications Inc. · RCI

$490M
$405M
$392M
$409M
$371M
$508M
$511M
$109M
$-99M
$328M
$256M
$394M
$526M
$558M
$280M
$157M
$5.8B
$703M
$438M

T-Mobile US, Inc. · TMUS

$691M
$422M
$713M
$-108M
$508M
$1.5B
$1.9B
$2.2B
$2.1B
$2.0B
$2.4B
$2.9B
$3.1B
$3.0B
$3.0B
$3.2B
$2.7B
$2.1B
$2.5B

Telefônica Brasil S.A. · VIV

$1.3B
$2.6B
$750M
$763M
$1.4B
$1.1B
$835M
$1.1B
$1.5B
$1.6B
$896M
$1.2B
$1.7B
$1.8B
$1.4B
$1.3B
$1.9B
$1.9B
$1.6B

TELUS Corporation · TU

$358M
$663M
$404M
$498M
$551M
$265M
$224M
$196M
$137M
$310M
$140M
$221M
$257M
$320M
$301M
$-245M
$431M
$290M
$144M

Verizon Communications Inc. · VZ

$6.6B
$4.7B
$4.7B
$5.3B
$5.0B
$6.7B
$5.0B
$4.8B
$4.9B
$-2.6B
$4.7B
$4.7B
$3.4B
$5.1B
$5.0B
$5.1B
$5.1B
$2.4B
$5.1B

Vodafone Group Public Limited Company · VOD

$1.3B
$1.3B
$1.2B
$11.4B
$84M
$1.5B
$1.2B
$-4.9B
$1.1B
$-993M

Profit growth · reported quarter history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AT&T Inc. · T

-20%
26%
-544%
-14%
0.2%
-40%
-16%
-17%
-96%
71%
25%
23%
6,574%
-5.7%
-10%

BCE Inc. · BCE

-11%
-5.2%
-14%
-16%
-39%
-8.3%
-23%
-42%
52%
-268%
16%
49%
6.6%
25%
-2.3%

Charter Communications, Inc. · CHTR

48%
-2.8%
-24%
-15%
-17%
5.1%
-11%
8.2%
0.7%
2.7%
36%
10%
5.1%
-11%
-7.8%
-3.3%

Comcast Corporation · CMCSA

-11%
-219%
-3.6%
8.4%
29%
9.8%
0.3%
-8.4%
-11%
49%
-13%
188%
-9.1%
-56%
-39%

EchoStar Corporation · ECHO

-71%
-33%
-98%
207%
2,230%
-695%
-4,313%
-140%
-189%
-463%

Millicom International Cellular S.A. · TIGO

-202%
-167%
-483%
162%
-14%
16%
402%
-66%

Rogers Communications Inc. · RCI

35%
-24%
25%
30%
-73%
-127%
-35%
-50%
261%
70%
9.4%
-60%
994%
26%
56%

T-Mobile US, Inc. · TMUS

-111%
-26%
250%
172%
322%
36%
22%
32%
43%
48%
24%
10%
-11%
-29%
-15%

Telefônica Brasil S.A. · VIV

-43%
9.3%
-57%
11%
47%
2.6%
42%
7.3%
9.7%
13%
10%
58%
8.7%
13%
6.5%
13%

TELUS Corporation · TU

45%
54%
-60%
-45%
-61%
-75%
17%
-38%
13%
88%
3.2%
115%
-211%
68%
-9.4%
-52%

Verizon Communications Inc. · VZ

-11%
-23%
41%
6.5%
-10%
-2.8%
-138%
-5.9%
-1.3%
-30%
5.5%
8.9%
48%
-52%
3.3%

Vodafone Group Public Limited Company · VOD

-13%
-5.9%
745%
-93%
-87%
1,335%
-432%
-13%
04 · compare level, then change

Capacity Spending & Returns On It

AT&T Inc. has the highest CAPEX among the 21 Telecom Services companies compared here, at $5,700 million. Verizon Communications Inc. is next at $4,201 million. Globalstar, Inc. has the highest CAPEX intensity at 164.3%, so level and change sit with different companies. 21 of 21 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: AT&T Inc. reports $5,700 million of CAPEX; Globalstar, Inc. has the highest covered intensity at 164.3%. Coverage is only 21 of 21 companies and 368 reported observations, so this is partial evidence—not a complete sector rank.

LeaderAT&T Inc. · $5,700 million
Gap35.7% versus #2 · Verizon Communications Inc.
Persistence8/8 recent comparable periods
Coverage21/21 companies · 368 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1AT&T Inc. T$5.7B
2Verizon Communications Inc. VZ$4.2B
3Comcast Corporation CMCSA$2.9B
4Charter Communications, Inc. CHTR$2.9B
5T-Mobile US, Inc. TMUS$2.6B
CAPEX intensityhighest reinvestment intensity
1Globalstar, Inc. GSAT164%
2Telephone and Data Systems, Inc. TDS48%
3Lumen Technologies, Inc. LUMN33%
4Liberty Global Ltd. LBTYB31%
5Array Digital Infrastructure, Inc. AD27%
Capital expenditure · company comparison
21/21 level · 21/21 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyCAPEXCAPEX intensityReported
AT&T Inc. T$5.7B16%Jun 2026
Verizon Communications Inc. VZ$4.2B12%Mar 2026
Comcast Corporation CMCSA$2.9B7.5%Jun 2026
Charter Communications, Inc. CHTR$2.9B21%Jun 2026
T-Mobile US, Inc. TMUS$2.6B11%Mar 2026
Vodafone Group Public Limited Company VOD$2.4B12%Mar 2026
Telefônica Brasil S.A. VIV$2.4B16%Mar 2026
Lumen Technologies, Inc. LUMN$943M33%Mar 2026
BCE Inc. BCE$841M14%Mar 2026
Rogers Communications Inc. RCI$778M17%Jun 2026
TELUS Corporation TU$757M15%Mar 2026
Liberty Global Ltd. LBTYB$348M31%Jun 2026
VEON Ltd. VEON$232M19%Mar 2026
Millicom International Cellular S.A. TIGO$169M8.5%Mar 2026
Telephone and Data Systems, Inc. TDS$149M48%Mar 2026
EchoStar Corporation ECHO$133M3.6%Mar 2026
Globalstar, Inc. GSAT$115M164%Mar 2026
Liberty Broadband Corporation LBRDA$62M25%Mar 2026
Kyivstar Group Ltd. KYIV$50M16%Mar 2026
Iridium Communications Inc. IRDM$22M14%Jun 2026
Array Digital Infrastructure, Inc. AD$14M27%Mar 2026
Full 20-quarter history · every available company

CAPEX · reported quarter history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AT&T Inc. · T

$4.5B
$3.5B
$4.6B
$4.9B
$5.9B
$4.2B
$4.3B
$4.3B
$4.6B
$4.6B
$3.8B
$4.4B
$5.3B
$6.8B
$4.3B
$4.9B
$4.9B
$6.8B
$4.9B
$5.7B

BCE Inc. · BCE

$1.2B
$1.5B
$959M
$1.2B
$1.3B
$1.6B
$1.1B
$1.3B
$1.2B
$1.0B
$1.0B
$978M
$954M
$963M
$729M
$763M
$891M
$1.3B
$841M

Charter Communications, Inc. · CHTR

$1.9B
$2.1B
$1.9B
$2.2B
$2.4B
$2.9B
$2.5B
$2.8B
$3.0B
$2.9B
$2.8B
$2.9B
$2.6B
$3.1B
$2.4B
$2.9B
$3.1B
$3.3B
$2.9B
$2.9B

Comcast Corporation · CMCSA

$2.3B
$3.2B
$2.0B
$2.4B
$2.8B
$3.7B
$2.8B
$3.0B
$3.3B
$3.3B
$2.7B
$2.7B
$2.9B
$3.9B
$2.3B
$2.7B
$3.1B
$3.8B
$2.4B
$2.9B

EchoStar Corporation · ECHO

$90M
$86M
$112M
$76M
$61M
$77M
$766M
$935M
$833M
$567M
$520M
$347M
$334M
$344M
$258M
$293M
$256M
$158M
$133M

Millicom International Cellular S.A. · TIGO

$149M
$261M
$196M
$210M
$219M
$175M
$228M
$201M
$170M
$215M
$131M
$121M
$120M
$168M
$132M
$173M
$159M
$186M
$169M

Rogers Communications Inc. · RCI

$716M
$834M
$930M
$702M
$754M
$998M
$930M
$1.1B
$922M
$1.0B
$971M
$1.0B
$1.0B
$840M
$966M
$899M
$1.0B
$905M
$920M
$778M

T-Mobile US, Inc. · TMUS

$2.9B
$2.9B
$3.4B
$3.6B
$3.6B
$3.4B
$3.0B
$2.8B
$2.4B
$1.6B
$2.6B
$2.0B
$2.0B
$2.2B
$2.5B
$2.4B
$2.6B
$2.5B
$2.6B

Telefônica Brasil S.A. · VIV

$2.4B
$2.7B
$3.6B
$2.2B
$3.0B
$2.9B
$1.3B
$2.5B
$2.4B
$2.7B
$2.0B
$2.2B
$2.4B
$2.7B
$2.4B
$2.2B
$2.4B
$2.4B
$2.4B

TELUS Corporation · TU

$716M
$860M
$1.0B
$1.0B
$832M
$786M
$976M
$777M
$745M
$684M
$812M
$666M
$679M
$593M
$654M
$598M
$634M
$629M
$757M

Verizon Communications Inc. · VZ

$5.1B
$6.4B
$5.8B
$4.7B
$5.3B
$7.3B
$6.0B
$4.1B
$4.1B
$4.6B
$4.4B
$3.7B
$3.9B
$5.1B
$4.1B
$3.8B
$4.3B
$4.7B
$4.2B

Vodafone Group Public Limited Company · VOD

$3.1B
$2.7B
$3.5B
$2.8B
$2.4B
$1.9B
$2.2B
$2.1B
$2.5B
$2.4B

CAPEX intensity · reported quarter history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AT&T Inc. · T

14%
11%
15%
17%
20%
14%
14%
14%
15%
14%
13%
15%
18%
21%
14%
16%
16%
20%
16%

BCE Inc. · BCE

20%
24%
16%
21%
22%
25%
18%
22%
19%
16%
17%
16%
16%
15%
12%
13%
15%
21%
14%

Charter Communications, Inc. · CHTR

14%
16%
14%
16%
18%
21%
18%
21%
22%
21%
20%
21%
19%
22%
18%
21%
22%
25%
21%

Comcast Corporation · CMCSA

7.5%
11%
6.5%
8.1%
9.5%
12%
9.3%
9.8%
11%
11%
9.1%
9.2%
9.1%
12%
7.5%
8.8%
9.8%
12%
7.5%

EchoStar Corporation · ECHO

18%
0.5%
22%
15%
12%
15%
18%
22%
20%
14%
13%
8.8%
8.6%
8.7%
6.7%
7.9%
7.1%
4.2%
3.6%

Millicom International Cellular S.A. · TIGO

15%
21%
14%
15%
16%
13%
17%
14%
12%
15%
8.8%
8.3%
8.4%
12%
9.6%
13%
11%
11%
8.5%

Rogers Communications Inc. · RCI

20%
21%
26%
18%
20%
24%
24%
21%
18%
19%
20%
21%
20%
15%
19%
17%
19%
15%
17%

T-Mobile US, Inc. · TMUS

15%
14%
17%
18%
19%
17%
15%
15%
13%
7.7%
13%
10%
9.7%
10%
12%
11%
12%
10%
11%

Telefônica Brasil S.A. · VIV

22%
32%
24%
23%
10%
18%
20%
15%
16%
17%
19%
17%
15%
16%
16%
16%

TELUS Corporation · TU

17%
19%
24%
23%
18%
16%
20%
16%
15%
13%
17%
14%
14%
11%
13%
12%
13%
12%
15%

Verizon Communications Inc. · VZ

16%
19%
17%
14%
16%
21%
18%
13%
12%
13%
13%
11%
12%
14%
12%
11%
13%
13%
12%

Vodafone Group Public Limited Company · VOD

14%
12%
15%
12%
13%
10%
12%
11%
13%
12%
Annual capital allocation · 5-year view
21/21 capacity base · 21/21 OCF · 21/21 CAPEX · 21/21 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AT&T Inc. · T

$143.5B
$149.3B
$149.4B
$149.8B
$154.2B

BCE Inc. · BCE

$28.2B
$29.3B
$30.4B
$30.0B
$33.5B

Comcast Corporation · CMCSA

$54.0B
$55.5B
$59.7B
$62.5B
$65.7B

T-Mobile US, Inc. · TMUS

$70.1B
$74.1B
$70.8B
$67.0B
$66.8B

TELUS Corporation · TU

$15.9B
$17.1B
$17.2B
$17.3B
$17.5B

Operating cash flow · fiscal-year history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AT&T Inc. · T

$42.0B
$32.0B
$38.3B
$38.8B
$40.3B

BCE Inc. · BCE

$8.0B
$8.4B
$7.9B
$7.0B
$7.0B

Comcast Corporation · CMCSA

$29.1B
$26.4B
$28.5B
$27.7B
$33.6B

T-Mobile US, Inc. · TMUS

$13.9B
$16.8B
$18.6B
$22.3B
$28.0B

TELUS Corporation · TU

$4.4B
$4.8B
$4.5B
$4.8B
$4.9B

CAPEX · reported cash flow · fiscal-year history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AT&T Inc. · T

$15.5B
$19.6B
$17.9B
$20.3B
$20.8B

BCE Inc. · BCE

$4.9B
$5.1B
$4.6B
$3.9B
$3.7B

Comcast Corporation · CMCSA

$10.2B
$11.0B
$12.4B
$12.3B
$11.8B

T-Mobile US, Inc. · TMUS

$12.3B
$14.0B
$9.8B
$8.8B
$10.0B

TELUS Corporation · TU

$3.1B
$3.6B
$3.2B
$2.8B
$2.5B

Free cash flow · fiscal-year history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AT&T Inc. · T

$26.4B
$12.4B
$20.5B
$18.5B
$19.4B

BCE Inc. · BCE

$3.2B
$3.2B
$3.4B
$3.1B
$3.3B

Comcast Corporation · CMCSA

$19.0B
$15.5B
$16.1B
$15.4B
$21.9B

T-Mobile US, Inc. · TMUS

$1.6B
$2.8B
$8.8B
$13.5B
$18.0B

TELUS Corporation · TU

$1.3B
$1.2B
$1.3B
$2.1B
$2.4B
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Kyivstar Group Ltd. has the lowest Gross debt among the 21 Telecom Services companies compared here, at $526 million. Globalstar, Inc. is next at $529 million. Telephone and Data Systems, Inc. has the lowest Net debt at $112 million net cash, so level and change sit with different companies.

What the numbers say: Telephone and Data Systems, Inc. has the clearest covered balance-sheet capacity with $112 million net cash and gross debt of $1,255 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderKyivstar Group Ltd. · $526 million
Gap0.6% versus #2 · Globalstar, Inc.
Persistence3/8 recent comparable periods
Coverage20/21 companies · 376 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Kyivstar Group Ltd. KYIV$526M
2Globalstar, Inc. GSAT$529M
3Array Digital Infrastructure, Inc. AD$1.2B
4Telephone and Data Systems, Inc. TDS$1.3B
5Iridium Communications Inc. IRDM$1.8B
Net debtlowest net debt
1Telephone and Data Systems, Inc. TDS$-112M
2Kyivstar Group Ltd. KYIV$48M
3Globalstar, Inc. GSAT$171M
4Array Digital Infrastructure, Inc. AD$948M
5Iridium Communications Inc. IRDM$1.6B
Debt and balance-sheet capacity · company comparison
20/21 level · 20/21 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
Verizon Communications Inc. VZ$195.9B$187.5BMar 2026
AT&T Inc. T$162.9B$145.3BJun 2026
T-Mobile US, Inc. TMUS$121.2B$117.7BMar 2026
Charter Communications, Inc. CHTR$95.6B$95.0BJun 2026
Comcast Corporation CMCSA$90.4B$82.7BJun 2026
Rogers Communications Inc. RCI$45.7B$44.0BJun 2026
BCE Inc. BCE$43.0B$41.6BMar 2026
Telefônica Brasil S.A. VIV$39.8B$21.5BMar 2026
TELUS Corporation TU$31.1B$29.7BMar 2026
EchoStar Corporation ECHO$28.2B$26.7BMar 2026
Lumen Technologies, Inc. LUMN$13.3B$11.6BMar 2026
Millicom International Cellular S.A. TIGO$11.7B$10.5BMar 2026
Liberty Global Ltd. LBTYB$9.1B$6.7BJun 2026
VEON Ltd. VEON$5.4B$3.7BMar 2026
Liberty Broadband Corporation LBRDA$2.6B$2.5BMar 2026
Iridium Communications Inc. IRDM$1.8B$1.6BJun 2026
Telephone and Data Systems, Inc. TDS$1.3B$-112MMar 2026
Array Digital Infrastructure, Inc. AD$1.2B$948MMar 2026
Globalstar, Inc. GSAT$529M$171MMar 2026
Kyivstar Group Ltd. KYIV$526M$48MMar 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AT&T Inc. · T

$202.1B
$195.8B
$229.5B
$155.3B
$152.5B
$154.7B
$155.9B
$161.6B
$155.7B
$154.9B
$150.1B
$147.8B
$146.3B
$140.9B
$143.6B
$150.1B
$158.5B
$155.0B
$157.3B
$162.9B

BCE Inc. · BCE

$29.1B
$29.7B
$30.0B
$30.3B
$31.5B
$31.9B
$33.8B
$34.4B
$34.7B
$36.2B
$37.7B
$39.5B
$40.1B
$40.5B
$39.2B
$37.6B
$41.0B
$41.1B
$43.0B

Charter Communications, Inc. · CHTR

$88.4B
$91.6B
$95.2B
$96.0B
$97.0B
$97.6B
$98.0B
$98.0B
$97.8B
$97.8B
$98.0B
$97.6B
$96.3B
$95.0B
$95.0B
$12.5B
$96.5B
$96.2B
$96.0B
$95.6B

Comcast Corporation · CMCSA

$102.4B
$100.0B
$99.7B
$98.7B
$97.6B
$100.0B
$100.7B
$102.7B
$102.5B
$97.1B
$96.6B
$98.1B
$101.4B
$99.1B
$99.1B
$101.5B
$99.1B
$98.9B
$94.6B
$90.4B

EchoStar Corporation · ECHO

$1.6B
$1.6B
$1.6B
$1.6B
$1.6B
$25.7B
$1.6B
$1.6B
$1.6B
$25.9B
$24.9B
$24.9B
$27.2B
$29.8B
$29.5B
$29.6B
$30.6B
$30.1B
$28.2B

Globalstar, Inc. · GSAT

$317M
$267M
$308M
$358M
$352M
$219M
$211M
$364M
$369M
$390M
$427M
$422M
$423M
$538M
$537M
$543M
$565M
$538M
$529M

Millicom International Cellular S.A. · TIGO

$6.2B
$8.9B
$8.5B
$7.9B
$7.9B
$7.8B
$7.9B
$7.8B
$7.7B
$7.7B
$7.7B
$7.5B
$7.3B
$6.8B
$7.1B
$7.9B
$8.4B
$9.5B
$11.7B

Rogers Communications Inc. · RCI

$21.1B
$22.8B
$36.1B
$36.3B
$37.3B
$36.7B
$37.7B
$46.2B
$48.5B
$45.2B
$46.1B
$46.3B
$45.9B
$47.6B
$49.4B
$45.4B
$45.0B
$44.2B
$44.8B
$45.7B

T-Mobile US, Inc. · TMUS

$107.4B
$108.8B
$113.5B
$112.1B
$114.2B
$111.8B
$113.9B
$116.5B
$113.9B
$113.1B
$115.7B
$114.2B
$116.2B
$113.9B
$120.9B
$117.9B
$120.4B
$122.3B
$121.2B

Telefônica Brasil S.A. · VIV

$25.5B
$17.0B
$31.2B
$16.5B
$38.9B
$19.4B
$19.0B
$18.4B
$35.5B
$18.8B
$18.5B
$37.6B
$19.3B
$20.8B
$20.6B
$20.3B
$18.1B
$40.7B
$39.8B

TELUS Corporation · TU

$20.6B
$21.0B
$21.4B
$21.9B
$25.2B
$25.1B
$27.2B
$27.2B
$27.9B
$27.5B
$29.5B
$29.2B
$28.9B
$29.8B
$30.0B
$33.1B
$29.9B
$31.5B
$31.1B

Verizon Communications Inc. · VZ

$178.1B
$177.9B
$180.2B
$175.6B
$174.0B
$176.3B
$178.3B
$177.7B
$172.1B
$174.9B
$175.6B
$173.0B
$174.2B
$168.4B
$167.7B
$169.9B
$170.5B
$181.6B
$195.9B

Net debt · reported quarter history

Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AT&T Inc. · T

$180.8B
$176.6B
$191.0B
$151.3B
$150.1B
$151.0B
$153.1B
$152.1B
$148.2B
$148.2B
$146.5B
$144.7B
$143.8B
$137.6B
$136.7B
$139.6B
$138.2B
$136.8B
$145.4B
$145.3B

BCE Inc. · BCE

$26.9B
$29.4B
$29.9B
$29.7B
$30.7B
$31.8B
$33.1B
$33.5B
$34.1B
$34.4B
$36.0B
$37.1B
$37.5B
$38.5B
$38.1B
$37.0B
$40.5B
$40.7B
$41.6B

Charter Communications, Inc. · CHTR

$87.9B
$91.0B
$92.8B
$95.5B
$96.6B
$97.0B
$97.4B
$97.5B
$97.2B
$97.1B
$97.3B
$97.0B
$95.6B
$94.5B
$94.2B
$12.4B
$96.1B
$95.7B
$95.5B
$95.0B

Comcast Corporation · CMCSA

$90.6B
$91.3B
$90.9B
$91.9B
$91.9B
$95.2B
$95.2B
$95.5B
$96.1B
$90.9B
$90.1B
$92.1B
$92.6B
$91.8B
$90.5B
$91.8B
$89.7B
$89.5B
$85.1B
$82.7B

EchoStar Corporation · ECHO

$66M
$85M
$109M
$113M
$62M
$21.4B
$-46M
$-287M
$-364M
$22.3B
$24.2B
$24.4B
$24.5B
$24.1B
$24.3B
$25.1B
$26.5B
$27.0B
$26.7B

Globalstar, Inc. · GSAT

$306M
$253M
$296M
$345M
$337M
$187M
$191M
$299M
$305M
$333M
$368M
$358M
$371M
$147M
$296M
$235M
$219M
$91M
$171M

Millicom International Cellular S.A. · TIGO

$5.5B
$8.0B
$7.8B
$7.1B
$7.0B
$6.8B
$7.0B
$7.1B
$7.0B
$7.0B
$7.1B
$6.7B
$6.4B
$6.1B
$6.6B
$6.6B
$6.8B
$7.9B
$10.5B

Rogers Communications Inc. · RCI

$19.5B
$22.1B
$22.2B
$22.5B
$23.7B
$23.4B
$24.3B
$45.8B
$45.9B
$44.4B
$45.3B
$45.9B
$45.1B
$46.7B
$46.7B
$38.4B
$43.5B
$42.8B
$43.4B
$44.0B

T-Mobile US, Inc. · TMUS

$103.4B
$102.2B
$110.3B
$108.9B
$107.3B
$107.3B
$109.4B
$109.9B
$108.9B
$108.0B
$109.0B
$107.7B
$106.4B
$108.5B
$108.9B
$107.6B
$117.1B
$116.7B
$117.7B

Telefônica Brasil S.A. · VIV

$8.5B
$10.5B
$18.7B
$13.3B
$27.8B
$17.1B
$13.8B
$12.9B
$26.7B
$14.5B
$11.8B
$23.4B
$12.5B
$14.1B
$12.4B
$10.9B
$11.3B
$26.5B
$21.5B

TELUS Corporation · TU

$18.8B
$20.2B
$20.7B
$21.5B
$23.8B
$24.2B
$26.3B
$26.5B
$26.7B
$26.6B
$27.3B
$28.3B
$28.1B
$28.9B
$29.0B
$29.4B
$28.1B
$28.8B
$29.7B

Verizon Communications Inc. · VZ

$168.2B
$175.0B
$178.5B
$173.7B
$172.0B
$173.7B
$176.1B
$172.9B
$167.9B
$172.9B
$173.3B
$170.5B
$169.2B
$164.2B
$165.5B
$166.5B
$162.7B
$162.6B
$187.5B
06 · compare level, then change

Return On Capital Employed

Kyivstar Group Ltd. has the highest ROCE among the 21 Telecom Services companies compared here, at 7.3%. VEON Ltd. is next at 5.8%. Array Digital Infrastructure, Inc. has the highest ROCE change at +2.7 percentage points, so level and change sit with different companies. 21 of 21 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Kyivstar Group Ltd. leads ROCE at 7.3%, 1.5 percentage points above VEON Ltd.. Array Digital Infrastructure, Inc. has the strongest latest improvement at +2.7 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderKyivstar Group Ltd. · 7.3%
Gap25.9% versus #2 · VEON Ltd.
Persistence3/5 recent comparable periods
Coverage21/21 companies · 395 observations

Investor read: Kyivstar Group Ltd. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Kyivstar Group Ltd. KYIV7.3%
2VEON Ltd. VEON5.8%
3Charter Communications, Inc. CHTR3.5%
4Millicom International Cellular S.A. TIGO3.2%
5Verizon Communications Inc. VZ2.5%
ROCE changefastest improvers
1Array Digital Infrastructure, Inc. AD+2.7 pp
2Lumen Technologies, Inc. LUMN+1.7 pp
3Telephone and Data Systems, Inc. TDS+1.6 pp
4Vodafone Group Public Limited Company VOD+1.5 pp
5EchoStar Corporation ECHO+1.1 pp
Return on capital · company comparison
21/21 level · 21/21 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
Kyivstar Group Ltd. KYIV7.3%−6.0 ppMar 2026
VEON Ltd. VEON5.8%+0.3 ppMar 2026
Charter Communications, Inc. CHTR3.5%−0.3 ppJun 2026
Millicom International Cellular S.A. TIGO3.2%−0.3 ppMar 2026
Verizon Communications Inc. VZ2.5%0.0 ppMar 2026
Array Digital Infrastructure, Inc. AD2.4%+2.7 ppMar 2026
T-Mobile US, Inc. TMUS2.3%−0.2 ppMar 2026
Telefônica Brasil S.A. VIV2.3%+0.3 ppMar 2026
Comcast Corporation CMCSA2.2%−0.4 ppJun 2026
Lumen Technologies, Inc. LUMN2.1%+1.7 ppMar 2026
BCE Inc. BCE2.0%+0.3 ppMar 2026
AT&T Inc. T1.9%+0.1 ppJun 2026
Rogers Communications Inc. RCI1.5%0.0 ppJun 2026
Iridium Communications Inc. IRDM1.4%−0.6 ppJun 2026
Telephone and Data Systems, Inc. TDS1.4%+1.6 ppMar 2026
TELUS Corporation TU1.1%−0.5 ppMar 2026
EchoStar Corporation ECHO0.9%+1.1 ppMar 2026
Globalstar, Inc. GSAT0.4%+1.1 ppMar 2026
Vodafone Group Public Limited Company VOD0.3%+1.5 ppMar 2026
Liberty Broadband Corporation LBRDA0.0%+0.1 ppMar 2026
Liberty Global Ltd. LBTYB0.0%−0.1 ppJun 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AT&T Inc. · T

1.3%
1.1%
1.1%
1.2%
1.4%
-5.3%
1.4%
1.8%
1.6%
1.5%
1.7%
1.6%
0.6%
1.5%
1.6%
1.8%
1.7%
1.6%
1.8%
1.9%

BCE Inc. · BCE

2.4%
2.1%
2.5%
2.2%
2.4%
1.9%
2.2%
2.3%
2.5%
2.0%
1.8%
2.3%
-1.2%
2.0%
1.7%
2.2%
0.6%
1.8%
2.0%

Charter Communications, Inc. · CHTR

2.2%
2.2%
2.1%
2.4%
2.2%
2.3%
2.2%
2.4%
2.3%
2.5%
2.3%
2.4%
2.5%
2.5%
2.4%
3.8%
2.3%
2.4%
2.3%
3.5%

Comcast Corporation · CMCSA

2.2%
2.0%
2.3%
2.6%
-1.0%
1.9%
2.4%
2.9%
2.9%
2.0%
2.6%
2.9%
2.6%
2.2%
2.5%
2.6%
2.3%
1.5%
1.8%
2.2%

EchoStar Corporation · ECHO

1.1%
58%
0.8%
0.8%
0.8%
0.2%
6.1%
4.4%
-0.5%
-1.7%
-0.1%
-0.2%
-0.6%
-0.1%
-0.2%
-0.4%
-39%
-1.8%
0.9%

Millicom International Cellular S.A. · TIGO

1.4%
1.7%
2.1%
2.2%
1.8%
2.0%
1.4%
1.5%
1.6%
1.8%
2.6%
2.7%
2.4%
3.1%
3.5%
2.8%
3.1%
3.2%
3.2%

Rogers Communications Inc. · RCI

10%
2.3%
2.0%
2.3%
2.2%
2.4%
2.1%
1.3%
1.9%
2.0%
1.8%
1.9%
2.1%
2.1%
1.6%
1.5%
1.8%
2.2%
1.6%
1.5%

T-Mobile US, Inc. · TMUS

0.9%
0.6%
1.0%
0.4%
0.7%
1.5%
1.8%
2.0%
1.9%
1.9%
2.1%
2.5%
2.5%
2.4%
2.5%
2.8%
2.4%
2.0%
2.3%

Telefônica Brasil S.A. · VIV

2.7%
2.0%
1.0%
1.6%
0.9%
2.1%
1.1%
2.0%
1.1%
2.3%
1.9%
1.4%
1.5%
2.4%
2.0%
1.5%
2.8%
2.8%
2.3%

TELUS Corporation · TU

1.8%
2.7%
1.8%
1.9%
1.9%
1.6%
1.4%
1.3%
1.1%
1.4%
1.2%
1.5%
1.7%
1.6%
1.6%
0.4%
1.5%
1.4%
1.1%

Verizon Communications Inc. · VZ

3.1%
2.6%
2.5%
2.4%
2.5%
2.2%
2.3%
2.2%
2.3%
0.2%
2.3%
2.4%
1.8%
2.3%
2.5%
2.6%
2.5%
1.5%
2.5%

Vodafone Group Public Limited Company · VOD

1.0%
2.4%
1.3%
1.2%
1.2%
4.7%
4.7%
0.8%
0.8%
0.7%
0.7%
1.0%
1.0%
-1.2%
-1.2%
1.0%
1.0%
0.3%
0.3%

ROCE change · reported quarter history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AT&T Inc. · T

+0.1 pp
−6.4 pp
+0.3 pp
+0.6 pp
+0.2 pp
+6.8 pp
+0.3 pp
−0.2 pp
−1.0 pp
0.0 pp
−0.1 pp
+0.2 pp
+1.1 pp
+0.1 pp
+0.2 pp
+0.1 pp

BCE Inc. · BCE

0.0 pp
−0.2 pp
−0.3 pp
+0.1 pp
+0.1 pp
+0.1 pp
−0.4 pp
0.0 pp
−3.7 pp
0.0 pp
−0.1 pp
−0.1 pp
+1.8 pp
−0.2 pp
+0.3 pp

Charter Communications, Inc. · CHTR

0.0 pp
+0.1 pp
+0.1 pp
0.0 pp
+0.1 pp
+0.2 pp
+0.1 pp
0.0 pp
+0.2 pp
0.0 pp
+0.1 pp
+1.4 pp
−0.2 pp
−0.1 pp
−0.1 pp
−0.3 pp

Comcast Corporation · CMCSA

−3.2 pp
−0.1 pp
+0.1 pp
+0.3 pp
+3.9 pp
+0.1 pp
+0.2 pp
0.0 pp
−0.3 pp
+0.2 pp
−0.1 pp
−0.3 pp
−0.3 pp
−0.7 pp
−0.7 pp
−0.4 pp

EchoStar Corporation · ECHO

−0.3 pp
−57.5 pp
+5.3 pp
+3.6 pp
−1.3 pp
−1.9 pp
−6.2 pp
−4.6 pp
−0.1 pp
+1.6 pp
−0.1 pp
−0.2 pp
−38.4 pp
−1.7 pp
+1.1 pp

Millicom International Cellular S.A. · TIGO

+0.4 pp
+0.3 pp
−0.7 pp
−0.7 pp
−0.2 pp
−0.2 pp
+1.2 pp
+1.2 pp
+0.8 pp
+1.3 pp
+0.9 pp
+0.1 pp
+0.7 pp
+0.1 pp
−0.3 pp

Rogers Communications Inc. · RCI

−8.1 pp
+0.1 pp
+0.1 pp
−1.0 pp
−0.3 pp
−0.4 pp
−0.3 pp
+0.6 pp
+0.2 pp
+0.1 pp
−0.2 pp
−0.4 pp
−0.3 pp
+0.1 pp
0.0 pp
0.0 pp

T-Mobile US, Inc. · TMUS

−0.2 pp
+0.9 pp
+0.8 pp
+1.6 pp
+1.2 pp
+0.4 pp
+0.3 pp
+0.5 pp
+0.6 pp
+0.5 pp
+0.4 pp
+0.3 pp
−0.1 pp
−0.4 pp
−0.2 pp

Telefônica Brasil S.A. · VIV

−1.8 pp
+0.1 pp
+0.1 pp
+0.4 pp
+0.2 pp
+0.2 pp
+0.8 pp
−0.6 pp
+0.4 pp
+0.1 pp
+0.1 pp
+0.1 pp
+1.3 pp
+0.4 pp
+0.3 pp

TELUS Corporation · TU

+0.1 pp
−1.1 pp
−0.4 pp
−0.6 pp
−0.8 pp
−0.2 pp
−0.2 pp
+0.2 pp
+0.6 pp
+0.2 pp
+0.4 pp
−1.1 pp
−0.2 pp
−0.2 pp
−0.5 pp

Verizon Communications Inc. · VZ

−0.6 pp
−0.4 pp
−0.2 pp
−0.2 pp
−0.2 pp
−2.0 pp
0.0 pp
+0.2 pp
−0.5 pp
+2.1 pp
+0.2 pp
+0.2 pp
+0.7 pp
−0.8 pp
0.0 pp

Vodafone Group Public Limited Company · VOD

+0.2 pp
+2.3 pp
+3.4 pp
−0.4 pp
−0.4 pp
−4.0 pp
−4.0 pp
+0.2 pp
+0.2 pp
−1.9 pp
−1.9 pp
0.0 pp
0.0 pp
+1.5 pp
+1.5 pp
07 · compare level, then change

Valuation Against Growth & Quality

BCE Inc. has the lowest Guarded PEG among the 21 Telecom Services companies compared here, at 0.15×. Verizon Communications Inc. is next at 0.19×. EchoStar Corporation has the lowest P/E at 2.22×, so level and change sit with different companies. 6 of 21 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: BCE Inc. has the lowest comparable Guarded PEG at 0.15×, 21.1% below Verizon Communications Inc.. Only 6 of 21 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderBCE Inc. · 0.15×
Gap21.1% versus #2 · Verizon Communications Inc.
Persistence0/8 recent comparable periods
Coverage6/21 companies · 46 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1BCE Inc. BCE0.2
2Verizon Communications Inc. VZ0.2
3VEON Ltd. VEON0.4
4T-Mobile US, Inc. TMUS1.2
5Telefônica Brasil S.A. VIV1.6
P/Elowest P/E
1EchoStar Corporation ECHO2.2
2Liberty Global Ltd. LBTYB3.0
3Lumen Technologies, Inc. LUMN3.6
4Charter Communications, Inc. CHTR3.7
5Rogers Communications Inc. RCI4.0
Valuation · company comparison
6/21 level · 20/21 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
TELUS Corporation TU4.229.8Mar 2026
Iridium Communications Inc. IRDM1.662.3Jun 2026
Telefônica Brasil S.A. VIV1.620.8Mar 2026
T-Mobile US, Inc. TMUS1.222.3Mar 2026
Charter Communications, Inc. CHTR0.63.7Jun 2026
Rogers Communications Inc. RCI0.54.0Jun 2026
VEON Ltd. VEON0.46.1Mar 2026
EchoStar Corporation ECHO0.42.2Mar 2026
Comcast Corporation CMCSA0.27.9Jun 2026
Verizon Communications Inc. VZ0.212.2Mar 2026
Liberty Broadband Corporation LBRDA0.17.9Mar 2026
AT&T Inc. T6.9Jun 2026
Vodafone Group Public Limited Company VOD9.5Mar 2026
BCE Inc. BCE5.2Mar 2026
Millicom International Cellular S.A. TIGO10.2Mar 2026
Lumen Technologies, Inc. LUMN3.6Mar 2026
Telephone and Data Systems, Inc. TDS79.4Mar 2026
Liberty Global Ltd. LBTYB3.0Jun 2026
Kyivstar Group Ltd. KYIV26.3Mar 2026
Array Digital Infrastructure, Inc. AD19.2Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Charter Communications, Inc. · CHTR

1.1
1.8
0.6
0.7
0.7
0.6

Comcast Corporation · CMCSA

0.8
1.2
0.2
0.2

EchoStar Corporation · ECHO

0.4

Iridium Communications Inc. · IRDM

7.7
3.1
0.8
0.7
1.6

Liberty Broadband Corporation · LBRDA

0.6
1.5
0.4
0.4
0.1

Rogers Communications Inc. · RCI

1.5
0.5

T-Mobile US, Inc. · TMUS

1.3
0.4
0.7
0.6
0.7
0.7
1.2

Telefônica Brasil S.A. · VIV

0.7
0.3
0.4
0.4
0.5
1.6

TELUS Corporation · TU

2.5
1.9
0.5
1.3
4.2

VEON Ltd. · VEON

0.2
0.4

Verizon Communications Inc. · VZ

0.8
0.2
0.2

P/E · reported quarter history

Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AT&T Inc. · T

46.3
6.8
8.2
8.2
5.6
8.5
9.5
11.0
17.9
15.3
17.4
16.4
9.2
8.2
9.7
6.9

BCE Inc. · BCE

19.3
22.0
21.4
20.2
18.7
20.0
21.5
24.0
21.3
22.9
23.9
20.6
522.4
185.1
78.6
65.7
4.9
4.8
5.2

Charter Communications, Inc. · CHTR

33.2
26.6
19.8
15.1
9.5
11.0
11.7
12.3
14.4
13.0
9.4
9.5
10.2
9.8
10.3
11.2
7.6
5.8
5.8
3.7

Comcast Corporation · CMCSA

18.0
16.6
15.1
12.8
25.5
28.9
28.7
26.3
12.3
11.8
11.5
10.4
11.2
9.1
9.1
5.9
5.2
5.6
5.7
7.9

EchoStar Corporation · ECHO

15.7
3.3
3.0
2.4
2.1
2.1
2.4
2.1
2.2

Millicom International Cellular S.A. · TIGO

9.9
674.3
40.3
29.8
17.1
14.6
6.6
7.5
7.1
10.2

Rogers Communications Inc. · RCI

18.7
19.6
22.8
18.9
17.5
19.1
18.1
20.8
26.1
38.3
51.4
31.5
19.5
13.8
11.9
14.5
3.9
4.1
4.1
4.0

T-Mobile US, Inc. · TMUS

47.9
48.1
57.3
98.2
110.0
68.0
47.2
27.7
21.8
23.1
22.2
22.1
23.5
22.9
26.0
22.5
23.0
20.9
22.3

Telefônica Brasil S.A. · VIV

12.6
13.0
14.8
14.7
12.3
15.5
15.5
16.1
15.7
17.5
14.0
12.5
17.1
13.8
14.1
17.3
18.0
17.1
20.8

TELUS Corporation · TU

29.3
24.4
26.1
21.4
18.8
22.7
26.1
31.1
40.3
40.7
41.7
39.1
36.0
29.1
26.1
34.3
28.1
25.1
29.8

Verizon Communications Inc. · VZ

10.1
9.8
9.9
10.2
8.3
7.8
7.6
7.5
6.5
13.7
15.7
15.5
19.4
9.7
10.8
10.1
9.4
10.0
12.2

Vodafone Group Public Limited Company · VOD

37.6
19.6
19.4
15.1
3.8
2.4
2.2
2.4
3.7
19.6
12.1
9.5
08 · compare level, then change

Enterprise Value & Book Value

VEON Ltd. has the lowest EV/EBITDA among the 21 Telecom Services companies compared here, at 1.52×. Vodafone Group Public Limited Company is next at 4.61×. Liberty Global Ltd. has the lowest P/BV at 0.42×, so level and change sit with different companies. 21 of 21 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: VEON Ltd. leads ev/ebitda at 1.52×; Liberty Global Ltd. leads p/bv at 0.42×.

LeaderVEON Ltd. · 1.52×
Gap67% versus #2 · Vodafone Group Public Limited Company
Persistence0/8 recent comparable periods
Coverage21/21 companies · 360 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1VEON Ltd. VEON1.5
2Vodafone Group Public Limited Company VOD4.6
3Comcast Corporation CMCSA5.0
4AT&T Inc. T6.7
5Telefônica Brasil S.A. VIV7.6
P/BVlowest P/BV
1Liberty Global Ltd. LBTYB0.4
2Vodafone Group Public Limited Company VOD0.6
3Comcast Corporation CMCSA1.0
4Telephone and Data Systems, Inc. TDS1.0
5Charter Communications, Inc. CHTR1.0
Enterprise and book valuation · company comparison
21/21 level · 20/21 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Liberty Broadband Corporation LBRDA423.11.2Mar 2026
Array Digital Infrastructure, Inc. AD101.02.2Mar 2026
Globalstar, Inc. GSAT80.924.9Mar 2026
Telephone and Data Systems, Inc. TDS34.71.0Mar 2026
EchoStar Corporation ECHO23.86.0Mar 2026
Iridium Communications Inc. IRDM17.512.3Jun 2026
Lumen Technologies, Inc. LUMN15.7-5.4Mar 2026
Liberty Global Ltd. LBTYB10.80.4Jun 2026
T-Mobile US, Inc. TMUS10.84.1Mar 2026
TELUS Corporation TU9.41.8Mar 2026
Charter Communications, Inc. CHTR9.21.0Jun 2026
Verizon Communications Inc. VZ8.32.0Mar 2026
BCE Inc. BCE8.31.4Mar 2026
Kyivstar Group Ltd. KYIV8.21.7Mar 2026
Millicom International Cellular S.A. TIGO7.74.0Mar 2026
Rogers Communications Inc. RCI7.71.5Jun 2026
Telefônica Brasil S.A. VIV7.61.9Mar 2026
AT&T Inc. T6.71.3Jun 2026
Comcast Corporation CMCSA5.01.0Jun 2026
Vodafone Group Public Limited Company VOD4.60.6Mar 2026
VEON Ltd. VEON1.52.3Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AT&T Inc. · T

10.2
7.5
7.7
8.1
7.0
21.7
21.3
17.9
17.3
6.7
6.8
7.1
8.2
8.0
9.0
9.0
8.0
7.3
8.0
6.7

BCE Inc. · BCE

9.3
9.9
10.0
9.3
8.9
9.2
9.5
9.4
8.6
8.5
8.2
8.1
10.6
9.1
8.6
8.1
8.3

Charter Communications, Inc. · CHTR

11.4
10.5
9.2
8.3
7.1
7.3
7.4
7.5
7.9
7.4
11.2
11.2
11.2
6.8
11.4
5.2
10.4
5.9
9.8
9.2

Comcast Corporation · CMCSA

10.4
9.3
8.6
7.4
7.8
8.8
9.0
9.4
7.4
7.1
7.0
6.5
6.8
6.2
6.0
5.9
5.4
5.4
5.3
5.0

EchoStar Corporation · ECHO

3.3
0.5
0.6
0.5
0.4
6.9
1.3
0.8
0.6
20.7
25.8
32.2
36.4
18.9
20.4
23.8

Millicom International Cellular S.A. · TIGO

4.7
4.6
4.6
4.5
4.1
4.5
5.0
5.5
6.1
7.7

Rogers Communications Inc. · RCI

8.7
9.3
10.2
9.0
8.5
9.0
8.9
11.7
10.0
9.7
8.9
8.3
8.2
7.6
7.2
7.3
8.2
8.1
8.1
7.7

T-Mobile US, Inc. · TMUS

10.8
10.6
12.2
13.7
14.3
13.9
13.5
11.4
10.4
11.1
10.8
10.9
11.6
11.7
13.1
11.7
12.0
10.7
10.8

Telefônica Brasil S.A. · VIV

7.9
3.1
4.9
4.5
4.4
2.8
4.3
4.6
5.7
4.0
6.2
1.5
1.5
3.1
5.6
6.6
4.6
3.6
7.6

TELUS Corporation · TU

10.0
9.9
10.4
9.5
9.5
9.8
10.2
10.1
9.5
9.7
9.4
9.2
9.3
8.7
8.9
9.9
9.8
9.0
9.4

Verizon Communications Inc. · VZ

8.1
8.1
8.1
8.0
7.0
7.2
7.2
7.0
6.5
8.2
8.7
8.4
9.0
7.2
7.6
7.4
7.0
7.1
8.3

Vodafone Group Public Limited Company · VOD

5.1
4.9
5.1
5.3
4.8
3.1
3.2
2.9
3.1
3.5
5.0
4.6
4.6
4.6
5.7
6.0
6.0
5.1
4.6

P/BV · reported quarter history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AT&T Inc. · T

0.9
0.8
0.8
1.3
0.9
1.4
1.4
1.1
1.0
1.2
1.2
1.3
1.5
1.6
2.0
2.0
1.8
1.6
1.8
1.3

BCE Inc. · BCE

2.5
2.6
2.7
2.5
2.3
2.5
2.5
2.6
2.3
2.4
2.1
2.1
2.4
1.8
1.7
1.5
1.3
1.3
1.4

Charter Communications, Inc. · CHTR

7.7
8.0
7.6
7.6
5.3
5.7
5.7
5.3
5.9
5.1
3.5
3.3
3.3
3.1
3.2
3.6
2.3
1.7
1.6
1.0

Comcast Corporation · CMCSA

2.7
2.4
2.2
1.9
1.6
1.8
1.9
2.0
2.2
2.1
2.1
1.8
1.9
1.7
1.6
1.4
1.2
1.1
1.2
1.0

EchoStar Corporation · ECHO

0.6
0.7
0.6
0.5
0.4
0.1
0.4
0.4
0.4
0.2
0.2
0.3
0.4
0.3
0.4
0.4
3.2
5.5
6.0

Millicom International Cellular S.A. · TIGO

0.9
1.0
1.2
1.2
1.2
1.5
1.8
2.4
2.5
4.0

Rogers Communications Inc. · RCI

2.9
2.3
1.9
1.5
1.6
1.6
1.5

T-Mobile US, Inc. · TMUS

2.3
2.1
2.3
2.4
2.4
2.5
2.7
2.5
2.6
3.0
3.1
3.3
3.7
4.1
5.0
4.4
4.4
3.8
4.1

Telefônica Brasil S.A. · VIV

0.5
0.6
0.6
1.2
0.5
0.9
1.1
0.5
0.6
0.6
0.6
0.7
0.5
0.6
0.7
0.8
1.5
1.9

TELUS Corporation · TU

2.5
2.7
2.9
2.5
2.3
2.3
2.3
2.3
2.0
2.2
2.0
1.9
2.2
1.9
2.0
2.2
2.1
1.8
1.8

Verizon Communications Inc. · VZ

2.9
2.6
2.6
2.5
1.8
1.8
1.8
1.6
1.4
1.7
1.9
1.8
2.0
1.7
1.9
1.8
1.8
1.6
2.0

Vodafone Group Public Limited Company · VOD

0.7
0.7
0.8
0.8
0.6
0.4
0.5
0.4
0.4
0.4
0.4
0.4
0.4
0.4
0.4
0.4
0.5
0.5
0.6
09 · let price answer last

Market action

Globalstar, Inc. has the strongest one-year price move in Telecom Services at +241.4%. Iridium Communications Inc. leads on Mansfield relative strength against the S&P 500 at +49.7%. 5 of 20 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Telecom Services comparison names 4 specific ways its own evidence can mislead, all listed below. All 21 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
10 · the complete set

Which companies are included?

All 21 companies in the canonical Telecom Services membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentals
Verizon Communications Inc. VZ$200.2B$48.22026-07-28Mar 2026
T-Mobile US, Inc. TMUS$195.6B$1822026-07-28Mar 2026
AT&T Inc. TLAGGING, FUNDAMENTALS UP$169.0B$24.72026-07-28Jun 2026
Comcast Corporation CMCSALAGGING, FUNDAMENTALS UP$85.8B$24.22026-07-28Jun 2026
Vodafone Group Public Limited Company VOD$37.8B$16.42026-07-28Mar 2026
EchoStar Corporation ECHO$24.9B$85.92026-07-28Mar 2026
Telefônica Brasil S.A. VIV$21.1B$13.22026-07-28Mar 2026
BCE Inc. BCELAGGING, FUNDAMENTALS UP$20.4B$21.82026-07-28Mar 2026
Rogers Communications Inc. RCILAGGING, FUNDAMENTALS UP$18.9B$34.82026-07-28Jun 2026
Charter Communications, Inc. CHTR$18.9B$1402026-07-28Jun 2026
TELUS Corporation TU$16.8B$10.72026-07-28Mar 2026
Millicom International Cellular S.A. TIGOAHEAD26/26 WEEKS$16.0B$95.62026-07-28Mar 2026
Globalstar, Inc. GSAT$10.2B$79.02026-07-28Mar 2026
Liberty Broadband Corporation LBRDA$6.6B$32.92026-07-28Mar 2026
Lumen Technologies, Inc. LUMN$6.4B$6.22026-07-28Mar 2026
Iridium Communications Inc. IRDMAHEAD26/26 WEEKS$4.8B$45.42026-07-28Jun 2026
Telephone and Data Systems, Inc. TDS$3.9B$34.02026-07-28Mar 2026
VEON Ltd. VEON$3.6B$51.42026-07-28Mar 2026
Liberty Global Ltd. LBTYB$3.5B$12.42026-07-28Jun 2026
Kyivstar Group Ltd. KYIVAHEAD$3.1B$13.62026-07-28Mar 2026
Array Digital Infrastructure, Inc. AD$3.0B$35.02026-07-28Mar 2026
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 21 Telecom Services companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-28 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Questions investors ask · short, speakable answers

Telecom Services company comparison FAQs

These 18 answers restate the Telecom Services comparison above in question form. Every one is computed from the same 21 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.

Which Telecom Services company is the biggest?

Verizon Communications Inc. is the largest, with trailing-twelve-month revenue of $139,146 million, ahead of T-Mobile US, Inc. at $90,530 million. That covers 13 of 21 companies with comparable reporting through Mar 2026.

Which Telecom Services company is growing fastest?

Kyivstar Group Ltd. has the fastest revenue growth at 24.2% year on year, across 13 of 21 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Telecom Services company has the best profit margins?

Array Digital Infrastructure, Inc. has the highest operating margin at 309.1%, from 20 of 21 comparable companies. Array Digital Infrastructure, Inc. shows the biggest recent improvement, at +418.9 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Telecom Services company makes the most profit?

Verizon Communications Inc. earns the most, at $17,771 million of trailing-twelve-month net profit, from 14 of 21 comparable companies. BCE Inc. has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Telecom Services company earns the highest return on capital?

Kyivstar Group Ltd. leads on return on capital employed at 7.3%, across 21 of 21 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Telecom Services stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — BCE Inc. screens cheapest at 0.15×. Only 6 of 21 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Telecom Services company has the strongest balance sheet?

Kyivstar Group Ltd. carries the lowest comparable gross debt at $526 million, from 20 of 21 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Telecom Services company is investing most in new capacity?

AT&T Inc. reports the largest capital spending at $5,700 million, across 21 of 21 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

Is the Telecom Services sector beating the market?

Telecom Services has outperformed S&P 500 by 1.1% over the last 52 weeks and 10.9% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 5 of 20 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Telecom Services stock has the strongest price momentum?

Iridium Communications Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Telecom Services company scores highest for research priority?

VEON Ltd. scores 61.7 out of 100 with 82% evidence confidence, from 22.2 points on growth and earnings, 13.5 on capital efficiency, 14 on valuation and 12 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Telecom Services companies does this comparison cover, and over what period?

It compares 21 listed companies over up to 20 reported quarters of fundamentals and 5 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Telecom Services sector?

The 21 Telecom Services companies on this page carry $870,532 million of combined market value. Verizon Communications Inc. is the largest at $200,229 million, about 23% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

What is the Telecom Services sector's P/E ratio?

The median price-to-earnings ratio across the 21 Telecom Services companies on this page is 9.5×, measured on the 20 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

How is the Telecom Services sector performing?

5 of the 20 covered Telecom Services companies are beating S&P 500 on Mansfield relative strength. The sector itself is 1.1% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

How many Telecom Services stocks are listed in the US?

This comparison covers 21 listed Telecom Services companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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