We live in an increasingly connected world, and telecom companies are helping us achieve faster connectivity. With the number of mobile subscribers increasing, the demand for high-speed data connectivity has soared.
The demand for faster connectivity is driving investments in 5G infrastructure and, consequently, driving the growth of the telecom sector. To capitalize on the tailwinds of the telecom industry, investors could look to buy fundamentally strong telecom stocks Verizon Communications Inc. (VZ) and Ooma, Inc. (OOMA). These stocks are Buy-rated in our proprietary rating system.
Before diving deeper into the fundamentals of these stocks, let’s discuss why the telecom industry is well-positioned for growth.
In today’s digital world, one cannot live without connectivity. Telecom companies are aiding faster connectivity through 5G and other services. High-speed network connectivity is critical in enabling digital transformation in enterprises. The long-term prospects of the industry look bright as the demand for faster connectivity increases.
The global telecom services market size is expected to expand at a…
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