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3 International Telecom Stocks to Buy Hand Over Fist Right Now By StockNews

by Mike Robinson

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© 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 América Móvil (AMX), Mobile TeleSystems (MBT), and Millicom (TIGO) could be solid bets now. Keep reading. High-speed connectivity has become more popular due to the popularity of the hybrid workplace culture. Major growth drivers in the telecom sector are the rapid deployment of 5G, and widespread adoption of internet-based technology.

To meet the increased market demand for high speed connectivity, the industry is constantly evolving. Companies are also focusing their efforts on developing next-generation, AI-backed applications in order to improve their market position. By 2028, the global telecom market will reach $2.47 trillion. This is a 5.4% compound annual growth rate (CAGR) of 5.4%.

Given this backdrop, we think quality international telecom stocks, América Móvil, 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.

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