3 International Telecom Stocks to Buy Hand Over Fist Right Now

imageStock Markets8 minutes ago (Sep 22, 2021 06:30PM ET)

(C) Reuters. 3 International Telecom Stocks to Buy Hand Over Fist Right Now

The increasing demand for high-speed digital connectivity and the accelerated deployment of 5G are driving the telecom industry’s growth. Therefore, we think fundamentally sound international telecom stocks America Movil (AMX), Mobile TeleSystems (MBT), and Millicom (TIGO) could be solid bets now. Read on.The popularity of the hybrid work culture has fostered greater demand for high-speed connectivity. The accelerated deployment of 5G and the widespread adoption of internet-based technologies are now the major growth drivers for the telecom industry.

The industry is evolving rapidly to stay abreast of heightened market demand for high-speed connectivity. In addition, companies are focusing on the development of AI-backed next-generation applications to strengthen their market positions. The global telecom services market is expected to reach $2.47 trillion by 2028, growing at a 5.4% CAGR of 5.4%.

Given this backdrop, we think quality international telecom stocks, America Movil, S.A.B. de C.V. (AMX), Mobile TeleSystems Public Joint Stock Company (MBT), and Millicom International Cellular S.A. (TIGO) could be solid additions to one’s portfolio now.

Continue reading on StockNews

3 International Telecom Stocks to Buy Hand Over Fist Right Now

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related Articles

Exclusive: Canada says proposed U.S. EV tax credit could harm sector

Stock Markets6 minutes ago (Oct 22, 2021 03:30PM ET) 2/2 (C) Reuters. FILE...

Subscribe

Categories

Same Category

Exclusive: Canada says proposed U.S. EV tax credit could harm sector

Stock Markets6 minutes ago (Oct 22, 2021 03:30PM ET) 2/2 (C)...

Explainer-Americans wonder: Which COVID-19 booster is best?

(C) Reuters. FILE PHOTO: Vials labelled "Moderna, Johnson &...

BMW to phase out fossil-fuel burning engines from main plant by 2024

Stock Markets25 minutes ago (Oct 22, 2021 01:11PM ET) (C)...