Global Telecom Undiscovered Gems With Strong Fundamentals

Etihad Atheeb Telecommunication

Market Cap: ر.س3.4b

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.

SmarTone Telecommunications Holdings

Market Cap: HK$5.4b

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

NOVA Technology

Market Cap: CN¥4.4b

Provides network communication services in China.

Jasmine Technology Solution

Market Cap: ฿17.0b

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

Japan Communications

Market Cap: JP¥23.1b

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

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.

Wuxi Online Offline Communication Information Technology

Market Cap: CN¥8.0b

Wuxi Online Offline Communication Information Technology Co., Ltd.

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.

Telekom Slovenije d.d

Market Cap: €571.9m

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

Partner Communications

Market Cap: ₪6.2b

Provides various communication services in Israel.

Inti Bangun Sejahtera

Market Cap: Rp6.8t

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

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.

LICT

Market Cap: US$160.3m

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

Bahnhof

Market Cap: SEK 6.1b

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

ToumeiLtd

Market Cap: JP¥30.3b

Offers telecommunications services in Japan.

IDT

Market Cap: US$1.3b

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

Spok Holdings

Market Cap: US$276.8m

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

Robi Axiata

Market Cap: ৳151.9b

Operates as mobile network operator in Bangladesh.

Bangladesh Submarine Cables

Market Cap: ৳24.1b

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

Soracom

Market Cap: JP¥39.8b

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

Omani Qatari Telecommunications Company SAOG

Market Cap: ر.ع153.6m

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.

Okinawa Cellular Telephone

Market Cap: JP¥242.5b

Provides telecommunication and portable phone services in Japan.

Reach Ten Holdings Berhad

Market Cap: RM 470.0m

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.