Global Telecom Undiscovered Gems With Strong Fundamentals

Etihad Atheeb Telecommunication

Market Cap: ر.س3.5b

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

Jasmine Technology Solution

Market Cap: ฿23.0b

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$5.2b

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

Airtel Networks Zambia

Market Cap: K11.4b

Provides cellular radio telecommunication services for individual and business customers in Zambia.

Blue Label Telecoms

Market Cap: R14.8b

Provides prepaid products and distributes virtual electronic merchandise in South Africa and internationally.

Zain Bahrain B.S.C

Market Cap: ب.د42.9m

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

Wuxi Online Offline Communication Information Technology

Market Cap: CN¥3.8b

Wuxi Online Offline Communication Information Technology Co., Ltd.

Remala Abadi

Market Cap: Rp2.6t

Operates as an internet service provider in Indonesia.

Airtel Malawi

Market Cap: MK 1.5t

Offers mobile telecommunication services in Malawi.

Telekom Slovenije d.d

Market Cap: €662.9m

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

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.

Partner Communications

Market Cap: ₪5.8b

Provides various communication services in Israel.

Sonaecom SGPS

Market Cap: €923.4m

Operates in technology, media, and telecommunications areas worldwide.

Egyptian Satellite Company Nilesat

Market Cap: US$242.6m

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

Inti Bangun Sejahtera

Market Cap: Rp7.0t

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

Samart Telcoms

Market Cap: ฿3.3b

Engages in the integrated telecommunications, communication network, and information technology businesses in Thailand.

Welldone

Market Cap: NT$5.2b

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

LICT

Market Cap: US$180.9m

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

Bahnhof

Market Cap: SEK 6.5b

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

ToumeiLtd

Market Cap: JP¥28.5b

Offers telecommunications services in Japan.

Spok Holdings

Market Cap: US$376.0m

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$1.6b

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

Robi Axiata

Market Cap: ৳143.5b

Operates as mobile network operator in Bangladesh.

National Mobile Telecommunications Company K.S.C.P

Market Cap: د.ك598.9m

Provides telecommunications services and related products in Kuwait, Algeria, Tunisia, Maldives, and Palestine.

MTN Uganda

Market Cap: USh6.1t

Provides telecommunication and mobile financial services in Uganda.

Fibergate

Market Cap: JP¥15.0b

Operates as a Wi-Fi solution company in Japan.

Soracom

Market Cap: JP¥49.4b

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

Omani Qatari Telecommunications Company SAOG

Market Cap: ر.ع162.7m

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

Bredband2 i Skandinavien

Market Cap: SEK 3.1b

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

RailTel Corporation of India

Market Cap: ₹115.1b

Provides broadband telecom and multimedia networks and services in India.

Okinawa Cellular Telephone

Market Cap: JP¥249.7b

Provides telecommunication and portable phone services in Japan.

Reach Ten Holdings Berhad

Market Cap: RM 515.0m

An investment holding company, provides telecommunications services in Malaysia.

Vision

Market Cap: JP¥61.2b

Primarily engages in the provision of mobile Wi-Fi router rental services in Japan and internationally.