Global Telecom High Return On Equity, Low Debt

Econet Wireless Zimbabwe

Market Cap: US$16.3b

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

Itissalat Al-Maghrib (IAM)

Market Cap: د.م99.2b

Provides various telecommunication solutions in Morocco and internationally.

Sonatel

Market Cap: XOF 2.5t

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

Chief Telecom

Market Cap: NT$27.0b

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

Bahnhof

Market Cap: SEK 5.7b

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

Blu Label Unlimited Group

Market Cap: R9.5b

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.

Anterix

Market Cap: US$398.5m

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

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: ₹2.0b

Engages in the provision of telecommunication infrastructure services in India.