Global Telecom High Return On Equity, Low Debt

Econet Wireless Zimbabwe

Market Cap: US$23.5b

Through its subsidiaries, primarily provides mobile telecommunications and related overlay services in Zimbabwe.

Advanced Info Service

Market Cap: ฿1.2t

Operates as a telecommunications company primarily in Thailand.

Safaricom

Market Cap: KSh1.4t

Provides telecommunication services in Kenya and Ethiopia.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م92.7b

Provides various telecommunication solutions in Morocco and internationally.

Sonatel

Market Cap: XOF 2.8t

Provides telecommunications services in Senegal, Mali, Guinea Bissau, Guinea Conakry, and Sierra Leone.

Chief Telecom

Market Cap: NT$25.6b

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

Bahnhof

Market Cap: SEK 5.8b

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

Anterix

Market Cap: US$597.4m

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

Blu Label Unlimited Group

Market Cap: R8.8b

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

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

Tattelecom

Market Cap: ₽10.3b

Tattelecom Public Joint-Stock Company provides telecommunications services for business and home clients in the Republic of Tatarstan.

Air-U

Market Cap: JP¥21.6b

Air-U Ltd. operates as a mobile service provider in Japan.

Kore Digital

Market Cap: ₹1.7b

Engages in the provision of telecommunication infrastructure services in India.