As more regions around the world receive access to telecom services like 5G wireless networks, one research firm believes this industry is set to boom. Precedence Research has slapped a $2.65 trillion value by 2030, predicting that the market will grow by a nearly 5% CAGR until then. The report targets specific markets in Asia like Japan, China, and India as crucial to the industry’s growth, although expansion in Europe and North America will continue to help boost the sector.
So are telecom stocks a good investment? Absolutely. They are moving close to blue-chip status as the world sees increasing reliance on mobile technology. There isn’t much that we can’t do from our smartphones these days, and as technology advances, faster and more robust networks will be the key to supporting global services.
Stocks like Verizon (NYSE:VZ) and AT&T (NYSE:T) already provide stability, capital growth, and generous dividend yields. These kinds of telecom companies create a nice foundation for any diversified portfolio. The OTC markets have some hidden gems as well including Thai mobile giant Advanced Info Service (OTC:AVIFY), Deutsche Telekom AG (OTC:DTEGY), and iQSTEL (OTC:IQST).
iQSTEL is a multinational budding tech conglomerate that has divisions in fintech, telecom, Internet of Things, and even electric vehicles. With the recent acquisition of two more telecom subsidiaries, iQSTEL is growing into a rising power on the global telecom services scene.
$VZ $T $AVIFY $DTEGY $IQST
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