Grandview Research estimates the global telecom services industry to grow by a CAGR of 5.4% through 2028.
While the telecom industry doesn’t always get investors excited, in this current market environment stable and profitable industries are holding up better than high growth industries. Global telecom services are continuing to expand as mobile connections and 5G networks see continued growth even in undeveloped countries.
Another sector that is seeing rapid growth is enterprise telecom services that provide connectivity and solutions for international business. As a result of the COVID-19 pandemic, business travel has been replaced with a more robust communication services infrastructure, particularly in developing markets.
Blue-chip telecom stocks like Verizon (NYSE:VZ), AT&T (NYSE:T), and T-Mobile (NASDAQ:TMUS) provide stability in stock portfolios. Many of them also provide consistent dividends that can help weather the ongoing market volatility by providing cash flow to your account.
Investing in a basket of telecom stocks is a strong measure against a potential bear market. Investors should also look to add emerging telecom companies like iQSTEL (OTC:IQST) which recently added enterprise telecom services provider, WHISL. The acquisition comes on the heels of iQSTEL adding SmartBiz as well earlier this year. iQSTEL’s telecom division is rapidly expanding and is serving customers around the world. iQSTEL is also eyeing an imminent uplisting to the NASDAQ exchange, so the risk reward for this OTC stock could be well worth adding along with the more stable names in the industry.
$VZ $T $TMUS $IQST
$IQST – iQSTEL Inc.
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