| AE 阿联酋UAE | dudu / Emirates Integrated Telecommunications Co | 4.33 | 1.12 | 1.11 | 0.22 | 0.54 | 9.3 | 0.18 |
| 口径Basis：本地运营公司口径（UAE单一市场）Local operating company basis (UAE single market) · 本币local ccy AED |
| AE 阿联酋UAE | e&（集团合并）e& Group (consolidated) | 19.85 | 5.15 | 5.22 | 0.85 | 2.45 | 251.5 | 0.98 |
| 口径Basis：集团合并口径（含国际业务/UAE本地e& UAE用户另列： 2025年1630万， H1-2026达1650万）Group consolidated basis (includes international operations; UAE local e& subscribers listed separately: 16.30 mn in 2025, reaching 16.50 mn in H1-2026) · 本币local ccy AED |
| QA 卡塔尔Qatar | OoredooOoredoo (operating company) | 1.99 | 0.49 | 0.49 | — | 0.26 | 3.0 | — |
| 口径Basis：本地运营公司口径（Ooredoo Group 卡塔尔子公司）Local operating company basis (Qatar subsidiary of Ooredoo Group) · 本币local ccy QAR |
| QA 卡塔尔Qatar | Ooredoo Group（集团合并）Ooredoo Group (consolidated) | 6.76 | 1.70 | 1.73 | 0.23 | 0.77 | 54.0 | 0.27 |
| 口径Basis：集团合并口径（含IOH印尼合资； 用户含IOH 147.1-147.5M，不含IOH约53-54M）Group consolidated basis (includes the IOH Indonesia joint venture; subscribers 147.1-147.5 mn including IOH, about 53-54 mn excluding IOH) · 本币local ccy QAR |
| QA 卡塔尔Qatar | Vodafone | 0.93 | 0.25 | 0.24 | 0.05 | 0.11 | 2.1 | — |
| 口径Basis：本地运营公司口径Local operating company basis · 本币local ccy QAR |
| KW 科威特Kuwait | OoredooOoredoo Kuwait (NMTC local opco) | 0.85 | 0.21 | 0.21 | — | 0.08 | 2.8 | — |
| 口径Basis：本地运营公司口径（National Mobile Telecom/KSC, 科威特上市Ooredoo；本地运营H1-2026收入KWD131m/EBITDA KWD47m）Local operating company basis (National Mobile Telecom KSC, the Kuwait-listed Ooredoo; local operations H1-2026 revenue KWD 131 mn / EBITDA KWD 47 mn) · 本币local ccy KWD |
| KW 科威特Kuwait | stcstc Kuwait / Kuwait Telecommunications Co | 1.14 | 0.28 | 0.27 | 0.03 | 0.08 | 2.3 | — |
| 口径Basis：本地运营公司口径Local operating company basis · 本币local ccy KWD |
| KW 科威特Kuwait | ZainZain (Zain Group opco) | 1.30 | 0.30 | 0.29 | 0.06 | 0.11 | 2.6 | — |
| 口径Basis：本地运营公司口径（Zain Group 科威特旗舰市场）Local operating company basis (Zain Group Kuwait flagship market) · 本币local ccy KWD |
| OM 阿曼Oman | Omantel（集团合并；含Zain Group）Omantel Group (consolidated, includes Zain Group stake) | 8.87 | 2.22 | 2.22 | 0.38 | 1.56 | 55.6 | — |
| 口径Basis：集团合并口径（含Zain Group投资；本地运营另： H1-2026本地收入OMR357.2m/EBITDA80.6m/净利31.7m/用户3.7M）Group consolidated basis (includes the Zain Group investment; local operations listed separately: H1-2026 local revenue OMR 357.2 mn / EBITDA OMR 80.6 mn / net profit OMR 31.7 mn / subscribers 3.7 mn) · 本币local ccy OMR |
| OM 阿曼Oman | OoredooOoredoo Oman (operating company) | 0.63 | 0.16 | 0.16 | — | 0.08 | 2.9 | — |
| 口径Basis：本地运营公司口径（Ooredoo Group 阿曼子公司）Local operating company basis (Oman subsidiary of Ooredoo Group) · 本币local ccy QAR |
| BH 巴林Bahrain | Beyon（集团合并；原Batelco）Beyon BSC (ex-Batelco, consolidated) | 1.32 | 0.32 | 0.33 | 0.05 | 0.13 | 4.6 | — |
| 口径Basis：集团合并口径（含国际业务，国际占比约57%收入）Group consolidated basis (includes international operations, which account for about 57% of revenue) · 本币local ccy BHD |
| BH 巴林Bahrain | stc（原 VIVA）stc Bahrain (ex-VIVA) | 0.22 | 0.06 | 0.06 | — | — | — | — |
| 口径Basis：本地运营公司口径（stc沙特子公司；第三方估年度收入约$224.8M）Local operating company basis (Saudi subsidiary of stc; third-party estimate of annual revenue about USD 224.8 mn) · 本币local ccy BHD |
| BH 巴林Bahrain | ZainZain Bahrain | 0.22 | 0.06 | 0.05 | 0.00 | 0.02 | — | — |
| 口径Basis：本地运营公司口径Local operating company basis · 本币local ccy BHD |
| AF 阿富汗Afghanistan | Afghan Wireless（AWCC）Afghan Wireless Communication Company (AWCC) | — | — | — | — | — | — | — |
| 口径Basis：本地运营公司口径。1998 年获牌、2002 年商用的首家移动运营商，TSI（Ehsan Bayat）与通信部合资（部持股约 10-20%）。用户约 500 万（公司口径 over 5M，2025-26；Messaggio 2025-12 记 350 万，口径差异明显，取公司口径）。收入无可靠披露：LeadIQ 估 $50-100M（2026-07，区间过粗且第三方互相矛盾——ReachStream 竟称 $1-5B），故收入取 null。无季度披露。Local operating company basis. Licensed in 1998 and commercially launched in 2002, the country's first mobile operator; a joint venture between TSI (Ehsan Bayat) and the Ministry of Communications (ministry stake about 10-20%). Subscribers about 5 mn (company basis: over 5 mn, 2025-26; Messaggio recorded 3.5 mn as of 2025-12, a clear difference in basis, so the company basis is used). No reliable revenue disclosure: LeadIQ estimates USD 50-100 mn (2026-07), a range that is too broad and where third parties contradict each other -- ReachStream even claims USD 1-5 bn -- so revenue is set to null. No quarterly disclosure. · 本币local ccy AFN |
| AF 阿富汗Afghanistan | ATOMA（原 MTN）ATOMA (formerly MTN Afghanistan, M1 Group) | 0.14 | — | — | — | — | — | — |
| 口径Basis：本地运营公司口径。MTN 集团 2020 年宣布退出中东；2022 年与黎巴嫩 M1 Group（M1 New Ventures, Beirut）达成 $35M 出售协议，2025 年 4 月正式完成移交并更名 ATOMA（塔利班通信部交接仪式确认）。用户约 450 万（Messaggio，2025-12-24）；2026 年初第三方份额口径 10-20%。收入仅有第三方档案估算约 $136M（rocketreach），按 73 AFN/USD 记 AFN 9,928mn。无季度披露。Local operating company basis. MTN Group announced its withdrawal from the Middle East in 2020; in 2022 it reached a USD 35 mn sale agreement with Lebanon's M1 Group (M1 New Ventures, Beirut), and in April 2025 the handover was formally completed with the company renamed ATOMA (confirmed at a Taliban Ministry of Communications handover ceremony). Subscribers about 4.5 mn (Messaggio, 2025-12-24); third-party share basis at the start of 2026 is 10-20%. Revenue comes only from a third-party profile estimate of about USD 136 mn (RocketReach); recorded as AFN 9,928 mn at 73 AFN/USD. No quarterly disclosure. · 本币local ccy AFN |
| AF 阿富汗Afghanistan | Etisalat（e& 子公司）Etisalat Afghanistan (e&) | 0.20 | — | — | — | — | — | — |
| 口径Basis：本地运营公司口径。2007 年 8 月起运营（并非 MTN 出售后更名——MTN Afghanistan 2025 年 4 月售予 M1 Group 并更名 ATOMA，与 Etisalat 无关）。用户约 680 万（Messaggio，2025-12-24，按该口径为阿富汗第一大移动运营商）。收入：e& 券商分部拆分表 AED 741mn（2024）、2025 约 AED 740mn（约 $0.20bn，按 AED 3.6725）；与第三方公司档案的 $50-60M 估算严重冲突，以券商分部表为准。无季度披露，2026 各季无数据。Local operating company basis. Operating since August 2007 (not renamed after an MTN sale -- MTN Afghanistan was sold to M1 Group in April 2025 and renamed ATOMA, unrelated to Etisalat). Subscribers about 6.8 mn (Messaggio, 2025-12-24; on that basis the largest mobile operator in Afghanistan). Revenue: e& brokerage segment breakdown table AED 741 mn (2024), about AED 740 mn for 2025 (about USD 0.20 bn at AED 3.6725). This conflicts sharply with third-party company profile estimates of USD 50-60 mn, so the brokerage segment table prevails. No quarterly disclosure; no data for any quarter of 2026. · 本币local ccy AED |
| AF 阿富汗Afghanistan | RoshanRoshan (Telecom Development Company Afghanistan) | 0.09 | — | — | — | — | — | — |
| 口径Basis：本地运营公司口径。AKFED 51%、Monaco Telecom Intl 36.75%、TeliaSonera 12.25%（IFC 口径），2003 年商用，覆盖 34 省、387 个城镇，约 91% 人口覆盖。用户超 650 万（2025-26 多来源一致）。收入仅有第三方档案估算：rocketreach 约 $90.3M（LeadIQ 给 $100-250M 区间，口径粗糙），按 macro.json 既有汇率 73 AFN/USD 记 AFN 6,592mn。无季度披露。Local operating company basis. AKFED 51%, Monaco Telecom International 36.75%, TeliaSonera 12.25% (IFC basis); commercially launched in 2003; covers 34 provinces and 387 towns, about 91% population coverage. Subscribers over 6.5 mn (consistent across multiple sources for 2025-26). Revenue comes only from third-party profile estimates: RocketReach about USD 90.3 mn (LeadIQ gives a USD 100-250 mn range, a crude basis); recorded as AFN 6,592 mn using the existing 73 AFN/USD exchange rate in macro.json. No quarterly disclosure. · 本币local ccy AFN |
| AF 阿富汗Afghanistan | Salaam（国有）Afghan Telecom (mobile brand: Salaam) | — | — | — | — | — | — | — |
| 口径Basis：国有运营商（2006 年设立），经营固网、光纤骨干与移动品牌 Salaam（2013 年前后推出，MCC-MNC 412-88）。Salaam 移动用户仅约 15 万（Messaggio，2025-12-24），市场份额 <10%。注意：Salaam 与 MTN Afghanistan 无任何承接关系（MTN Afghanistan 已更名 ATOMA）。无财务披露，全部留空。State-owned operator (established in 2006), running fixed lines, a fibre backbone and the mobile brand Salaam (launched around 2013, MCC-MNC 412-88). Salaam has only about 150 thousand mobile subscribers (Messaggio, 2025-12-24), a market share of under 10%. Note: Salaam has no succession relationship of any kind with MTN Afghanistan (MTN Afghanistan has been renamed ATOMA). No financial disclosure; all fields left blank. · 本币local ccy AFN |
| YE 也门Yemen | Sabafon（私营）Sabafon | 0.07 | — | — | — | — | — | — |
| 口径Basis：本地运营公司口径。也门首家 GSM（2001 年 2 月），Al-Ahmar 集团 60%、Batelco/Beyon 约 26.9%；2020 年起实际分裂为 Sabafon-Aden（IRG 区）与 Sabafon-Sana'a（DFA 区，被司法卫队控制）两个实体。用户约 523 万（World Bank/IGC 2020 表，份额 28.1%）；2025 第三方份额约 30%。收入仅有第三方档案估算且互相冲突：$72.0M（2024, Apps Run The World）vs $139.7M（Datanyze，未注年份）——可靠性低，取 2024 值仅供参考。无官方披露，无季度数据。Local operating company basis. Yemen's first GSM operator (February 2001); Al-Ahmar Group 60%, Batelco/Beyon about 26.9%; since 2020 it has in practice split into two entities, Sabafon-Aden (IRG area) and Sabafon-Sana'a (DFA area, controlled by the judicial guard). Subscribers about 5.23 mn (World Bank/IGC 2020 table, share 28.1%); third-party share for 2025 about 30%. Revenue comes only from third-party profile estimates, which conflict with each other: USD 72.0 mn (2024, Apps Run The World) vs USD 139.7 mn (Datanyze, year not stated). Reliability is low; the 2024 value is used for reference only. No official disclosure; no quarterly data. · 本币local ccy YER |
| YE 也门Yemen | TeleYemen（国营国际网关/固网）TeleYemen (Yemen International Telecom Co.) | — | — | — | — | — | — | — |
| 口径Basis：国营国际网关与固网运营商（PTC 持股 75%），1971 年起独家国际通信，兼营 ISP。非移动运营商，无移动用户数；无任何公开财务披露，全部留空。State-owned international gateway and fixed-line operator (PTC holds 75%). It has held exclusive rights over international communications since 1971 and also operates as an ISP. Not a mobile operator, with no mobile subscriber count. There is no public financial disclosure of any kind; all fields left blank. · 本币local ccy YER |
| YE 也门Yemen | Y-Telecom / Y（Sana'a 分支 HudHud）Y-Telecom (Y; Sana'a branch rebranded HudHud) | — | — | — | — | — | — | — |
| 口径Basis：本地运营公司口径。原 HiTS-UNITEL，独立小型 GSM 运营商——不是 MTN Yemen 更名后的公司（那是 YOU），也不是 Yemen Mobile。2022 年 Sana'a 分支被 DFA 接管并更名 HudHud；Aden 侧仍称 Y-Telecom。2022 年中获 IRG 4G 牌照、2023 年才实质运营。用户约 93 万（2020，全国最小，份额约 5%），数据陈旧。无财务披露。Local operating company basis. Formerly HiTS-UNITEL, an independent small GSM operator -- not the company renamed from MTN Yemen (that is YOU), nor Yemen Mobile. In 2022 the Sana'a branch was taken over by the DFA and renamed HudHud, while the Aden side is still called Y-Telecom. It obtained an IRG 4G licence in mid-2022 but only began substantive operations in 2023. Subscribers about 930 thousand (2020, the smallest in the country, share about 5%); the data is dated. No financial disclosure. · 本币local ccy YER |
| YE 也门Yemen | Yemen Mobile（国有）Yemen Mobile (state-owned, PTC group) | 0.56 | — | — | — | — | — | — |
| 口径Basis：本地运营公司口径。国有（PTC 59.3%、其他政府股东 17.1%、私人股东 23.5%），全国最大移动运营商，2004 年商用的 CDMA 网，2021 年 1 月全国首个 4G LTE。用户：公司股东会披露超 1,350 万（40% 派息创纪录那次大会），2025-26 第三方口径约 1,400 万。收入为新闻报道估算：年收超 YER 3,000 亿，按 Houthi 控制区（Sana'a）汇率 535 YER/USD 折算约 5.6 亿美元（The New Arab, 2026）。也门存在 Sana'a（约535）/Aden（约1,600）双汇率，本条按 Sana'a 口径。无季度披露，2026 各季无数据。Local operating company basis. State-owned (PTC 59.3%, other government shareholders 17.1%, private shareholders 23.5%); the country's largest mobile operator; CDMA network commercially launched in 2004; launched the country's first 4G LTE in January 2021. Subscribers: the company shareholders' meeting disclosed over 13.50 mn (the meeting that approved a record 40% dividend payout); third-party basis for 2025-26 is about 14.00 mn. Revenue is a press-reported estimate: annual revenue over YER 300 bn, about USD 560 mn converted at the Houthi-controlled area (Sana'a) rate of 535 YER/USD (The New Arab, 2026). Yemen has a dual exchange rate, Sana'a (about 535) and Aden (about 1,600); this entry uses the Sana'a basis. No quarterly disclosure; no data for any quarter of 2026. · 本币local ccy YER |
| YE 也门Yemen | YOU（原 MTN Yemen）YOU - Yemen Oman United (formerly MTN Yemen) | — | — | — | — | — | — | — |
| 口径Basis：本地运营公司口径。MTN 集团 2021 年 11 月退出也门，股份转予 Emerald International Investment（Zubair 集团关联，IGC 表记 97.8%；另一来源记 82.8%），2022 年 3 月更名 YOU（Yemeni Omani United）——注意：Y-Telecom 不是 MTN Yemen 更名。主要在 Sana'a（DFA 控制区）运营，2022 年 IRG 一度因欠税在政府控制区停其服务。用户约 496 万（World Bank/IGC 2020 表）、2021 约 470 万；2025 第三方份额约 20%（对应约 400-500 万）。无财务披露。Local operating company basis. MTN Group exited Yemen in November 2021, transferring its shares to Emerald International Investment (affiliated with the Zubair Group; the IGC table records 97.8%, another source records 82.8%); renamed YOU (Yemeni Omani United) in March 2022. Note: Y-Telecom is not the renamed MTN Yemen. It operates mainly in Sana'a (DFA-controlled area); in 2022 the IRG at one point suspended its services in government-controlled areas over unpaid taxes. Subscribers about 4.96 mn (World Bank/IGC 2020 table), about 4.70 mn in 2021; third-party share for 2025 about 20% (corresponding to about 4.0-5.0 mn). No financial disclosure. · 本币local ccy YER |