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Telecommunications Services - Quarterly Update 12/21/2020
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Companies in this industry operate or provide access to facilities for voice, data, text, sound, and video transmission through wired, wireless, or satellite networks. Major companies include US-based AT&T, Comcast, and Verizon, as well as China Mobile (China), Deutsche Telekom (Germany), NTT (Japan), Telefónica (Spain), and Vodafone (UK). Worldwide, the telecommunications industry generates $1.7 trillion in revenue, according to the International Data Corporation's Worldwide Telecom Services Database. The European Union and India lead the world in exports of telecommunications, computer, and information services, according to the World Trade Organization. The US telecommunications services industry includes about 60,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $620 billion.
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