The long-term value that telecommunication stocks offer often seems to flow under the radar of investors looking for shorter plays on more advantageous options. Telecom stocks trade at reasonable valuations, provide reliable dividends, and are among the best options to have in your portfolio during an economic downturn. According to a report by the International Finance Corporation, telecom stocks in all subsectors, including tower companies, data centers, mobile network operators, and broadband providers, performed better than the S&P 500 during the height of the COVID-19 panic, reporting fewer losses than the more prominent firms that dominate the market. Philipp Nattermann and Karolina Sauer-Sidor, two senior McKinsey partners, have highlighted in detail the resilience, adaptivity, and future trends for the industry in a conversation on the impact of the pandemic on telecommunications.
Insider Monkey gives an insight into the top 10 best telecom stocks to buy right now. Altice USA, Inc. has a construction and network division that offers telecom customers maintenance services as well. As President Biden moves ahead with a plan to inject government money into high-speed broadband, Altice is one of the firms that could benefit from the program in the coming months. TELUS Corporation markets data and voice; equipment sales from mobile technologies, internet protocol; television hosting, and cloud-based services. TELUS has more than 16 million subscribers, which include almost 9 million mobile phone customers. Shaw is one of the firms offering 5G services in Canada. On March 15, it was reported that Rogers Telecom was purchasing Shaw for $26 billion. Chunghwa Telecom Co., Ltd. is a China-based company that is the largest telecom provider in mainland China. The company provides local and domestic long-distance telephone and leased line, broadband access, Wi-Fi, and multimedia on-demand services. Nokia has been a long-term partner of the Chinese telecom giant. The mass media assets of Rogers Communications Inc. include Sportsnet ONE, Sportsnet 360, Sportsnet World, Citytv, OMNI, and OLN television networks. The firm also operates two radio channels. Read more facts from 10 Best Telecoms Stocks to Buy Right Now.
