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A fresh ranking of telecom giants by market cap puts China Mobile on top at $229 billion. Verizon lands second with $193B, and T-Mobile isn't far behind at $191B. AT&T sits fourth at $162B, with Deutsche Telekom just a step away at $161B. Airtel rounds out the top six at $128B. Numbers come from Companies Market Cap, dated August 7, 2026.
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