According to Deloitte’s report, WiFi-6 devices will overtake 5G devices in global sales by 2022. Spending by consumers and the availability of new devices will have a significant impact on the technology and communications industry. A compound annual growth rate of 24% is forecast for the global communications market over the next few years. Investors who want to protect their portfolios from rising inflation can invest in telecom stocks, as many companies pay dividends. Some of the best telecom stocks to invest in are T-Mobile US, AT&T, and Charter Communications.
Insider Monkey highlights the 11 best communication stocks to invest in. There have been reports recently that a private equity firm is interested in purchasing Vodafone Group Plc. As a result, hedge funds that do have a stake in the company tend to back it with large sums of money. ERIC is the NASDAQ symbol for the Swedish telecom company, Telefonaktiebolaget LM Ericsson (publ). The company is a major player in the mass deployment of 5G networks. It recently paid $6.2 billion for Vonage as part of a strategy to expand into the metaverse. Nokia Corporation’s growth will be aided by the rapid rollout of 5G networks, according to the analyst. Japan, Slovenia, Qatar, Estonia, and a number of other countries have signed agreements with the company to expand its 5G network infrastructure. With a nearly 8% dividend yield, Lumen Technologies, Inc. has a long and impressive dividend history. Insider Monkey’s database shows that 25 hedge funds have $941 million invested in the company. For the benefit of the public, internet infrastructure and services are provided by VeriSign, Inc. Revenue and earnings for the third quarter of this year were better than expected by the market. Despite its lackluster fundamentals, the company has a bright future ahead of it, thanks to rising IT expenditures. As one of the most reputable names in the communications industry, Verizon Communications Inc. Warren Buffett, the legendary value investor, has held this stock for a long time. Increased government spending on 5G deployment across the United States should benefit the company. For more details, click the 11 Best Communication Stocks To Invest In.
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