Global Telecom Undiscovered Gems With Strong Fundamentals

Etihad Atheeb Telecommunication

Market Cap: ر.س3.6b

Provides telecommunication products and services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Telekom Networks Malawi

Market Cap: MK 366.0b

Provides telecommunication services to enterprises and individual customers in Malawi.

NOVA Technology

Market Cap: CN¥4.5b

Provides network communication services in China.

Jasmine Technology Solution

Market Cap: ฿17.3b

Through its subsidiaries engages in the design and installation of telecommunication systems, telecom service, bitcoin mining, and other businesses in Thailand.

SmarTone Telecommunications Holdings

Market Cap: HK$5.4b

An investment holding company, provides telecommunication services in Hong Kong.

Zain Bahrain B.S.C

Market Cap: ب.د43.3m

Zain Bahrain B.S.C. principally engages in the provision of public telecommunications and related products and services in the Kingdom of Bahrain.

Remala Abadi

Market Cap: Rp6.6t

Operates as an internet service provider in Indonesia.

Wuxi Online Offline Communication Information Technology

Market Cap: CN¥8.4b

Wuxi Online Offline Communication Information Technology Co., Ltd.

Inti Bangun Sejahtera

Market Cap: Rp6.8t

Provides telecommunication network services in the information, communication, and technology (ITC) sector in Indonesia.

Telekom Slovenije d.d

Market Cap: €584.9m

Provides integrated communication and technology services and solutions in Slovenia, Kosovo, Bosnia and Herzegovina, Croatia, Serbia, Montenegro, and North Macedonia.

Partner Communications

Market Cap: ₪6.1b

Provides various communication services in Israel.

Telia Lietuva

Market Cap: €1.0b

Provides telecommunications, information technology (IT), and television (TV) services to business and residential customers in the Republic of Lithuania, Sweden, Norway, Finland, Estonia, and Latvia.

Egyptian Satellite Company Nilesat

Market Cap: US$250.1m

Provides direct-to-home (DTH) broadcasting, satellite broadband, and other communication services in Egypt, the Middle East, and North Africa.

Welldone

Market Cap: NT$4.9b

Engages in telecommunication, and digital entertainment businesses primarily in Taiwan.

LICT

Market Cap: US$163.6m

Provides broadband, voice, and video services in the United States.

Bahnhof

Market Cap: SEK 6.2b

Engages in the Internet and telecommunications business in Sweden and rest of Europe.

ToumeiLtd

Market Cap: JP¥29.8b

Offers telecommunications services in Japan.

Spok Holdings

Market Cap: US$283.6m

Through its subsidiary, Spok, Inc., provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East.

IDT

Market Cap: US$1.3b

Provides communications and payment services in the United States, the United Kingdom, and internationally.

Robi Axiata

Market Cap: ৳151.4b

Operates as mobile network operator in Bangladesh.

Bangladesh Submarine Cables

Market Cap: ৳24.2b

Provides bandwidth through submarine cable to operators that delivers voice and data bandwidth services in Bangladesh.

Soracom

Market Cap: JP¥39.4b

Provides Internet of Things (IoT) based cellular connectivity solutions.

Omani Qatari Telecommunications Company SAOG

Market Cap: ر.ع153.0m

Develops, operates, and maintains mobile and fixed telecommunications services in the Sultanate of Oman.

MTN Uganda

Market Cap: USh6.8t

Provides telecommunication and mobile financial services in Uganda.

Bredband2 i Skandinavien

Market Cap: SEK 2.7b

Provides data communication and security solutions to individuals and companies in Sweden.

Okinawa Cellular Telephone

Market Cap: JP¥236.8b

Provides telecommunication and portable phone services in Japan.

Reach Ten Holdings Berhad

Market Cap: RM 465.0m

An investment holding company, provides telecommunications services in Malaysia.

Thaicom

Market Cap: ฿10.1b

Provides transponder services for domestic and international communications in Thailand, Australia, India, Myanmar, and internationally.