Global Telecom Undiscovered Gems With Strong Fundamentals

Telekom Networks Malawi

Market Cap: MK 363.2b

Provides telecommunication services to enterprises and individual customers in Malawi.

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

Etihad GO Telecom

Market Cap: ر.س3.2b

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

SAR Televenture

Market Cap: ₹10.4b

Provides telecommunication solutions to telecom network operators in India.

NOVA Technology

Market Cap: CN¥4.4b

Provides network and security solutions in China and internationally.

HwaCom Systems

Market Cap: NT$6.5b

Provides digital media, smart applications, cybersecurity, and information and communication technology solutions in Taiwan and internationally.

SmarTone Telecommunications Holdings

Market Cap: HK$5.2b

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

Airtel Networks Zambia

Market Cap: K14.3b

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

Kazakhtelecom JSC

Market Cap: €439.5b

Provides telecommunication services to individuals and businesses in the Republic of Kazakhstan.

Japan Communications

Market Cap: JP¥23.5b

A mobile virtual network operator (MVNO), provides mobile services in Japan, the United States, and internationally.

Zain Bahrain B.S.C

Market Cap: ب.د45.1m

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¥10.4b

Wuxi Online Offline Communication Information Technology Co., Ltd.

Ketrosden Triasmitra

Market Cap: Rp4.2t

Through its subsidiaries, operates as a telecommunication infrastructure company.

Vodacom Tanzania

Market Cap: TSh1.3t

Offers telecommunication services to consumers and enterprises in Tanzania.

Egyptian Satellite Company Nilesat

Market Cap: US$251.9m

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: Rp6.5t

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

Bangladesh Submarine Cables

Market Cap: ৳24.1b

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

Telekom Slovenije d.d

Market Cap: €575.1m

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

Telia Lietuva

Market Cap: €1.1b

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.

LICT

Market Cap: US$154.2m

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

Soracom

Market Cap: JP¥49.8b

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

Bahnhof

Market Cap: SEK 5.8b

Provides internet services to individuals and businesses in Sweden and internationally.

Palestine Telecommunications Company P.L.C

Market Cap: د.أ677.9m

Palestine Telecommunications Company P.L.C.

ToumeiLtd

Market Cap: JP¥31.1b

Offers telecommunications services in Japan.

IDT

Market Cap: US$1.2b

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

Spok Holdings

Market Cap: US$268.8m

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

IPS

Market Cap: JP¥40.1b

Provides IT and telecommunications services in Japan and the Philippines.

Robi Axiata

Market Cap: ৳149.3b

Operates as mobile network operator in Bangladesh.

Omani Qatari Telecommunications Company SAOG

Market Cap: ر.ع191.4m

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

Okinawa Cellular Telephone

Market Cap: JP¥262.3b

Provides telecommunication and portable phone services in Japan.

Anterix

Market Cap: US$403.9m

Focuses on the commercialization of spectrum assets to enable the targeted utility and critical infrastructure customers to deploy private broadband networks and solutions.

Thaicom

Market Cap: ฿8.8b

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

Reach Ten Holdings Berhad

Market Cap: RM 480.0m

An investment holding company, provides telecommunications services in Malaysia.

Chief Telecom

Market Cap: NT$27.7b

Provides network integration, internet data center, communications integration, and cloud application services in Taiwan and internationally.