The top Vodafone Competitors are China Mobile, Verizon, AT&T, Nippon, Softbank Telecom, Deutsche Telekom, China Telecom and others. A British international company, Vodafone was established in the year 1991 and headquartered in London. It mainly operates in various regions of Africa, Europe, Asia, and Oceania. Vodafone has their network and operates in about 21 countries and has their partner networks in about 47 countries.
Vodafone Group annual revenue for 2023 was $47.598B. Vodafone Group annual net income for 2023 was $12.328B. Vodafone Group market cap as of September 05, 2023 is $25.2B. Vodafone Group total number of employees in 2023 was 104,000.
It is a popular brand which has deep roots in the telecom sector worldwide. It is known for its wide distribution and great market coverage. It produces billions of dollars every year. It has a great brand image. It has a great marketing technique. The Vodafone pug so popular worldwide and follows Vodafone users.
Top Vodafone competitors
1) China Mobile
- Product Type: Telecommunications
- Industry: Telecom Industry Sector.
- Founded: September 29, 1997, in Hong Kong.
- Founders: China Telecommunications Corporation.
- Headquarters: Shenzhen, Guangdong Province, China.
- Area Served: Mainland China, Hong Kong, Macau, and South Korea.
- Current CEO: Li Huiliang.
- Revenue: RMB530.7 billion (H1, 2023)
- Total mobile customers (million): 985
- Wireline broadband customers (million): 286
China Mobile Communication Company is a famous telecommunication provider that is maintained by China government. It provides services like mobile voice and multimedia services across the mobile telecommunication network in China. It is functioned by the government and it is mainly for public use. This company was earlier called China Telecom and by the year 1999, it was named China Mobile.
Total connections reached 3.19 billion, with a net addition of 250 million in first half of 2023. Mobile customers totaled 985 million, with a net addition of 10.38 million customers. In the mobile customer base, 722 million were 5G package customers, with a net addition of 108 million. The number of customers using our integrated-benefit products reached 326 million, a net addition of 38.85 million customers. The number of monthly active users of Mobile Cloud Drive, the cloud product, recorded a net addition of 9.76 million customers, bringing the total to 176 million, the second largest in the industry in terms of customer base. The number of customers using the 5G new voice over high-definition video reached 101 million, a net addition of 9.24 million customers.
It has a great brand value and it stands ninth in the world with respect to the brand value, having a value of about 40.9 billion U.S. dollars as of 2022. Over the years of its existence, this company has experienced multiple acquisitions of other companies in order to withstand a series of growth and it kept providing great revenues. It has a great market share and this network operates in China, Pakistan, and Hong Kong.
The main strength of this company is that it has a strong support from the Government for their continual existence. Due to their great market share and revenue, China Mobile is considered one of the top Vodafone competitors.
2) Verizon
- Product Type: Telecommunications
- Industry: Telecom Industry Sector.
- Founded: April 30, 2000, in New York City, New York, United States.
- Founders: Bell Atlantic and GTE Corporation.
- Headquarters: New York City, New York, United States.
- Area Served: United States, Puerto Rico, and the U.S. Virgin Islands.
- Current CEO: Hans Vestberg.
- Revenue: $32.596B (June 30, 2023)
- Market cap: $146.55B (September 05, 2023)
- Number of employees: 117,100 (2022)
An American telecommunication network company, Verizon was formed in the year 2000 and headquartered in New Jersey, United States. It offers great wireless products and services and is the largest provider of a wireless network in the United States.
It was initially originated as a joint venture of Bell Atlantic, an American telecommunication firm. Over the years, it became Verizon Communication Company. Apart from the wireless network, it also offers data, fiber networks, and telephone networks through their business units; Verizon high-speed internet and Verizon Fios. As there is a great demand for speed, Verizon leads the industry by providing Verizon 4G. The company has a great distribution of its operations.
Verizon net income for the quarter ending June 30, 2023 was $4.648B. Verizon gross profit for the quarter ending June 30, 2023 was $19.832B. Verizon total assets for the quarter ending June 30, 2023 were $379.955B. As of March 31, 2023 Verizon has 114.5 million wireless retail connections, 92.2 million wireless retail postpaid connections, 8.2 million broadband connections, including, 6.8 million Fios Internet connections. 28.8 million wireless retail postpaid connections. First and only carrier with mobile edge computing partnerships with all three major cloud providers. It is served in 150+ countries.
Verizon wireless takes care of the wireless network. Verizon high-speed internet takes care of providing internet to residences and offices. Verizon Fios takes care of fiber cable connectivity. Due to their great brand value and service, Verizon is considered one of the top Vodafone competitors.
3) AT&T
- Product Type: Telecommunications
- Industry: Telecom Industry Sector.
- Founded: March 10, 1877, in New York City, New York, United States.
- Founders: Alexander Graham Bell, Gardiner Greene Hubbard, and Thomas Sanders.
- Headquarters: Dallas, Texas, United States.
- Area Served: United States, Mexico, and the Caribbean.
- Current CEO: John Stankey.
- Revenue: $29.917B (June 30, 2023)
- Market cap: $104.73B (September 05, 2023)
- Number of employees: 160,700 (2022)
An American telecommunication company, AT&T was originated in 1983 and headquartered in the Dallas, Texas. It is the world’s largest telecommunication company and the second largest in mobile telephone services. AT&T began its formation as Southwestern Bell Telephone Company which is a subsidiary of the Bell Telephone Company in the year 1880.
Over the years, it was branded as AT&T Corporation. This company is in charge of providing telecommunication services. It has its main operations in the United States and also in other countries worldwide. It has a great brand value of about $59.904 billion. The great strength of the company is its second position in the world in the telecom sector. This indicates that it has a great coverage. It is an established company and is a market leader in this sector. AT&T serviced 222.84 million wireless subscribers and connections as of the first quarter of 2023.
AT&T net income for the quarter ending June 30, 2023 was $4.437B. AT&T gross profit for the quarter ending June 30, 2023 was $18.090B. AT&T total assets for the quarter ending June 30, 2023 were $408.453B.
The company has a huge network of wired and wireless connections with great internet protocol backbones. AT&T has the ability to serve fiber to 19.7 million consumer and more than 3 million business customer locations in more than 100 U.S. metro areas. Due to their great business portfolio and their infrastructure, AT&T is considered one of the top Vodafone competitors.
4) Nippon
- Product Type: Telecommunications.
- Industry: Telecom Industry Sector.
- Founded: August 1, 1952, in Tokyo, Japan.
- Founders: The Japanese government.
- Headquarters: Chiyoda City, Tokyo, Japan.
- Area Served: Japan.
- Current CEO: Hiroshi Shimizu
- Revenue: USD97.76 billion (31st March, 2023)
- Number of employees: 338,651 (March 2023)
- Market cap: $98.04 Billion (September 2023)
Nippon Telecommunication Networks company offer telecommunication services to its customers. Nippon is a subsidiary of Nippon Telegraph and Telephone (NTT) Company and is considered as the largest telecommunications company in Japan. It provides security, network management, and solution services to corporations, consumers and governments.
The company was established as a monopoly government-owned corporation during the year 1952. Over the years, the company was privatized in 1985 to compete with the telecom sector. The company’s main business operations include offering telephone voice and data communication services. The company has their office in about 110 locations that span across 41 countries. NTT has 147 office locations worldwide, including the United States, Brazil, Canada, Germany, India, Japan, and Singapore.
The group closed out March 2023 with a total of 23.575 million fibre broadband subscriptions. NTT’s consolidated mobile division NTT DOCOMO reported 87.495 million subscriptions (up 3.2%), including 20.602 million 5G subscriptions
It has approximately 338,651 employees worldwide. Their main strength is their end-to-end ICT services. It integrates existing systems by using new architectures to improve resources. Due to their great focus on research and development, Nippon is considered one of the top Vodafone competitors.
5) Softbank Telecom
- Product Type: Telecommunications.
- Industry: Telecom Industry Sector.
- Founded: 1984, in Japan.
- Founders: Masayoshi Son.
- Headquarters: Minato, Tokyo, Japan.
- Area Served: Japan.
- Current CEO: Junichi Miyakawa.
- Revenue: ¥221.4 billion (March 31, 2023)
- Number of employees: 59,721 (2022)
- Market cap: $65.27B (September 05, 2023)
Softbank Telecom was previously known as Japan Telecom Co. Ltd is a Japanese telephone company. It provides telecommunication services to consumers and businesses in Japan. It main business operations include providing long distance telephone service, direct connection fixed-line voice service, and international call service.
It also involves billing and collecting fees for their services. Apart from these, it is involved in consulting, developing, and establishing the telecommunication system. Softbank Telecom merged with Softbank Mobile Corporation during the year 2015 and exists as a single entity. The main strength of this company is their great operational efficiency that is always growing.
For the fiscal year ended March 31, 2023, operating income increased by ¥94.6 billion. For the fiscal year ended March 31, 2023, net income attributable to owners of the Company increased by ¥14.3 billion.
It has expanded business operations and has a good marketing strategy. Due to their great service and wide network, Softbank Telecom is considered one of the top Vodafone competitors.
6) Deutsche Telekom
- Product Type: Telecommunications.
- Industry: Telecom Industry Sector.
- Founded: July 27, 1995, in Bonn, Germany.
- Founders: The German government.
- Headquarters: Bonn, Germany.
- Area Served: Germany, Europe, and the United States.
- Current CEO: Timotheus Hottges.
- Revenue: $29,866 million (March 31, 2023)
- Number of employees: 206,800 (2022)
Yet another Vodafone competitor, Deutsche Telekom is a German telecommunication company that is headquartered in Bonn, Germany and founded in 1995. The company operates many subsidiaries worldwide which include T-Mobile, mobile communication brand.
Their main business operations include wireless, broadband, and complex IT solutions, and fixed network to their business customers in IT and telecommunication sector. Deutsche Telekom has a huge mobile communication customer base. It has its success in its business across Europe. Their operations spread across 50 geographical regions. The company has about 206,800 employees serving for them. The company is strong financially with regards to the services in mobile, digital TV, land telephony etc.
Deutsche Telekom is one of the world’s leading integrated telecommunications companies, with over 245 million mobile customers, 25 million fixed-network lines, and 21 million broadband lines. Deutsche Telekom AG Quarterly Net Income as of March 2023 is $16,487 million. Deutsche Telekom AG Quarterly Gross Profit as of March 2023 is $17,277 million.
Due to their strong marketing activities and their network, Deutsche Telekom is considered one of the top Vodafone competitors.
7) China Telecom
- Product Type: Telecommunications.
- Industry: Telecom Industry Sector.
- Founded: September 29, 1997, in Hong Kong.
- Founders: China Telecommunications Corporation (China Telecom).
- Headquarters: Shenzhen, Guangdong Province, China.
- Area Served: Mainland China, Hong Kong, Macau, and South Korea.
- Current CEO: Ke Ruiwen.
- Revenue: $19,092 (March 2023)
- Number of employees: 280,683 (2022)
Also a top Vodafone competitor, China Telecommunication Corporation is popularly known with the name China Telecom. It is a Chinese state-owned telecommunication company. It is considered the largest service in fixed-line and third in mobile telecommunication provider.
China Telecom has three companies that are listed with them; Chinese Communication Services Corporation, China Telecom Corporation Limited, and Best one Holding. The company initially originated as a government agency in the year 1995. It was then registered as an independent legal entity. The company offers internet solutions that include IP addressing, GIS, anti-distributed denial of service attack, and bandwidth solutions.
China Telecom Corp Quarterly Net Income as of March 2023 is $1,167 million. China Telecom Corp Quarterly Gross Profit as of March 2023 is $13,421 million.
It is the largest single Wi-Fi wireless broadband network. The main strength of this company is that it has great returns and good offering for its service. It has received many awards and recognition. As it has a strong subscription base, China Telecom is considered one of the top Vodafone competitors.
8) America Movil
- Product Type: Telecommunications.
- Industry: Telecom Industry Sector.
- Founded: 1982, in Mexico City, Mexico.
- Founders: Carlos Slim Helú.
- Headquarters: Mexico City, Mexico.
- Area Served: Latin America, Europe, and the United States.
- Current CEO: Daniel Hajj.
- Revenue: $11.463B (June 30, 2023)
- Market cap: $59.5B (September 05, 2023)
- Number of employees: 176,014 (2022)
America Movil is a Mexican telecommunication company that was established in the year 2000 and headquartered in Mexico City, Mexico. It provides services to approximately 289.4 million wireless subscribers, 22.6 million broadband accesses, and 34.3 million landlines. The company’s subsidiary, Telcel is the largest mobile operator which has a market share of about 70%.
As of 2022, América Móvil had 81,364 million wireless subscribers, and 21,256 million fixed revenue generating units (“RGUs”, consisting of fixed voice, fixed data and Pay TV units). America Movil, net income for the quarter ending June 30, 2023 was $1.465B. America Movil, gross profit for the quarter ending June 30, 2023 was $7.015B.
It has a high-speed access to the network and has a great presence in the market. The company has strong financial positions and also an expanding liquidity position in the market. The company has an excellent research and development wing which brings out new products to the customers. America Movil has its business operations in about 18 countries in America.
Their mobile customers are estimated to be about 240 million, fixed line customers about 29 million and 15 million access for fixed broadband. Due to their excellent service, America Movil is considered one of the top Vodafone competitors.
9) Xfinity
- Product Type: Telecommunications.
- Industry: Telecom Industry Sector.
- Founded: 2010, in Philadelphia, Pennsylvania, United States.
- Founders: Comcast Corporation.
- Headquarters: Philadelphia, Pennsylvania, United States.
- Area Served: United States.
- Current CEO: Dave Watson
Xfinity, a trade name for the famous telecommunication company Comcast Cable Communication provides services like internet, telephone, cable television, and wireless services. Established in the year 2001, it is a media and technology company. The brand was first introduced in 2010; prior to that, these services were marketed primarily under the Comcast name.
Comcast revenue for the quarter ending June 30, 2023 was $30.513B. Comcast net income for the quarter ending June 30, 2023 was $4.248B. Comcast gross profit for the quarter ending June 30, 2023 was $12.347B. Comcast total number of employees in 2022 was 186,000. Comcast market cap as of September 04, 2023 is $188.64B.
The Xfinity products are produced with great quality and its automation of activities has enabled the company to scale up based on the various demands in this sector. This company has invested in setting up a strong portfolio. It can be used by big companies to expand into new categories. The company has great skilled employees who are experienced in this sector. Over the years since its formation, Xfinity has built a strong distribution network that has reached to great levels.
This telecommunication company has a great recognition in the market and it produces good returns. Due to their strong distribution network, Xfinity is considered one of the top Vodafone competitors.
10) Telefonica
- Product Type: Telecommunications.
- Industry: Telecom Industry Sector.
- Founded: October 1924, in Madrid, Spain.
- Founders: The Spanish government.
- Headquarters: Madrid, Spain.
- Area Served: 21 countries in Europe, Latin America, and the United States.
- Current CEO: Angel Vila
- Revenue: $11.049B (June 30, 2023)
- Market cap: $23.68B ( September 04, 2023)
- Number of employees: 103,651 (2022)
A Spanish telecommunication and broadband provider, Telefonica has its business operations in Asia, Europe, and America. It was formed during the year 1924 and headquartered in Madrid, Spain. It is regarded as one of the world’s largest providers of telephone and mobile network. It is a 100% listed company and has more than 1.5 million direct shareholders. They serve more than 5.5 million B2B customers worldwide every day.
It provides integrated solutions for communication, and information and entertainment. It has a significant role in the market in the telecommunication sector. It has a strong focus on research and development and because of this; they come up with new products. The company is seen in almost 175 countries worldwide.
Telefonica net income for the quarter ending June 30, 2023 was $0.504B. Telefonica gross profit for the quarter ending June 30, 2023 was $3.026B.
It has a steady growth and has a strong financial position. Due to their wide network, Telefonica is considered one of the top Vodafone competitors.
11) BhartiAirtel
- Product Type: Telecommunications.
- Industry: Telecom Industry Sector.
- Founded: July 7, 1995, in New Delhi, India.
- Founders: Sunil Bharti Mittal.
- Headquarters: New Delhi, India.
- Area Served: 18 countries in South Asia and Africa.
- Current CEO: Gopal Vittal.
- Revenue: Rs140,081.40 crore (US$18 billion) (2023)
- Number of employees: 53,000 (FY23 end)
BhartiAirtel, commonly called as Airtel is an Indian telecommunication company that is based out in New Delhi. It has its operations in about 18 countries worldwide. It provides various services; 3G, 4G, GSM, VOLTE, fixed-line broadband, mobile services, and voice services. They provide these services based on the country of operation.
In India, it is the largest mobile network provider. Bharti Airtel has about 496.91 million subscribers worldwide as of June 2022. The numbers include mobile services subscribers in 17 countries and Indian Telemedia services and Digital services subscribers. Their various divisions of businesses are mobile services, Telemedia services, Airtel business, and digital TV services. It has been in the telecom sector for about 19 years and has high brand equity. The company’s infrastructure has been extended across all parts of the country that results in a nationwide spread of their services.
Its Net income is Rs.8,345.90 crore (US$1.0 billion) (2023) while the Operating income was Rs17,230.50 crore (US$2.2 billion) (2023) and Total assets were Rs.446,633.20 crore (US$56 billion) (2023).
This service provider is popular for its availability at any and their various value-added services. Due to their great brand value and its services, BhartiAirtel is considered one of the top Vodafone competitors.
12) Reliance Jio
- Product Type: Telecommunications,
- Industry: Telecom Industry Sector.
- Founded: December 27, 2015, in Navi Mumbai, Maharashtra, India.
- Founders: Mukesh Ambani.
- Headquarters: Navi Mumbai, Maharashtra, India.
- Area Served: India.
- Current CEO: K. Jayaraman.
- Revenue: Rs 90,786 crore (2023)
Reliance Jio is a famous Indian telecom service provider. It was formed it the year 2010 and headquartered in Mumbai, India. The company is owned by Reliance Industries and operates a national LTE network that provides a wide coverage across all 22 telecom circles. It makes use of Voice Over LTE to offer voice service on its network instead of 2G or 3G.
It allows users to make use of digital life to the fullest. Their operations consist of powerful broadband networks, best services, and smart devices. The main pillars of Reliance Jio are coverage, quality, and affordability. It has a strong customer acquisition by providing their services free for three to six months to all the users.
Reliance Jio reported a net profit of Rs4,716 crore for the quarter ended March 2023.
It operates a national LTE network with coverage across all 22 telecom circles in India and offers 4G and 4G+ services all over India and 5G service in many cities. Its 6G service is in the works. It is the largest mobile network operator in India and the third largest mobile network operator in the world with over 42.62 crore (426.2 million) subscribers. In addition to telecommunications, Jio offers home broadband, television, and telephone services. It also saw more than 400 million wireless subscribers across India in 2022.
This offer resulted in millions of users to make of Jio network. It makes use of the latest 4 G LTE technology. It has a strong backing of its parent company, Reliance Industries. Due to their fast and wide network, Reliance Jio is considered one of the top Vodafone competitors.
Conclusion
The telecommunication and mobile network is much needed these days to keep the business operations up to date. Each and every business requires being on the network all the time and hence there arise a requirement for these telecommunication companies to provide their best service and availability. Vodafone is making use of the latest technology to meet the demands of the customers.
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