U.S. Telecom Potentially Undervalued Companies

Kyivstar Group

Market Cap: US$2.9b

Provides a range of mobile communication and home Internet services in Ukraine.

VEON

Market Cap: US$3.3b

A digital operator, provides telecommunications and digital services to corporate and individual customers in Pakistan, Ukraine, Kazakhstan, Uzbekistan, and Bangladesh.

Telecom Italia

Market Cap: US$10.9b

Engages in the fixed and mobile telecommunications services in Italy and internationally.

PLDT

Market Cap: US$263.6b

Provides telecommunications and digital services in the Philippines.

Millicom International Cellular

Market Cap: US$8.4b

Provides cable and mobile services in Latin America.

Telecom Italia

Market Cap: US$10.9b

Engages in the fixed and mobile telecommunications services in Italy and internationally.

BCE

Market Cap: US$30.6b

A communications company, provides wireless, wireline, internet, streaming services, and television (TV) services to residential, business, and wholesale customers in Canada.

Telefónica

Market Cap: US$20.5b

Provides telecommunications services in Europe and Latin America.

Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság

Market Cap: US$1.6t

Provides fixed-line and mobile telecommunication services for residential and business customers in Hungary, Bulgaria, Romania, and the Republic of North Macedonia.

Rogers Communications

Market Cap: US$29.0b

Operates as a communications and media company in Canada.

Vodafone Group

Market Cap: US$22.6b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

ATN International

Market Cap: US$296.9m

Through its subsidiaries, provides digital infrastructure and communications services to residential, business, and government customers in the United States, Guyana, the US Virgin Islands, Bermuda, and internationally.

Liberty Global

Market Cap: US$3.7b

Provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers.

Vodafone Group

Market Cap: US$22.6b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

Telefónica

Market Cap: US$20.5b

Provides telecommunications services in Europe and Latin America.

Gogo

Market Cap: US$990.5m

Provides broadband connectivity services to the aviation industry in the United States and internationally.

Liberty Global

Market Cap: US$3.7b

Provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers.

Proximus

Market Cap: US$2.2b

Provides digital services and communication solutions in Belgium and internationally.

Bandwidth

Market Cap: US$447.4m

Operates as a cloud-based software-powered communications platform-as-a-service provider in the United States and internationally.

Liberty Latin America

Market Cap: US$1.6b

Provides fixed, mobile, and subsea telecommunications services in Puerto Rico, Panama, Costa Rica, Jamaica, Latin America and the Caribbean, the Bahamas, Trinidad and Tobago, Barbados, Curacao, Chile, and internationally.

XLSMART Telecom Sejahtera

Market Cap: US$47.0t

Provides telecommunication, telecommunications network, and multimedia services for consumers and businesses in Indonesia.

AT&T

Market Cap: US$178.5b

Provides telecommunications and technology services worldwide.

Lumen Technologies

Market Cap: US$9.5b

A networking company, provides integrated products and services to business and mass customers in the United States and internationally.

KORE Group Holdings

Market Cap: US$74.2m

Provides Internet of Things (IoT) services and solutions in the United States and internationally.

Liberty Latin America

Market Cap: US$1.6b

Provides fixed, mobile, and subsea telecommunications services in Puerto Rico, Panama, Costa Rica, Jamaica, Latin America and the Caribbean, the Bahamas, Trinidad and Tobago, Barbados, Curacao, Chile, and internationally.

Deutsche Telekom

Market Cap: US$130.2b

Provides integrated telecommunication services worldwide.

Verizon Communications

Market Cap: US$171.6b

Through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide.

Sarana Menara Nusantara

Market Cap: US$32.9t

Owns and operates telecommunication towers for wireless operators in Indonesia.

Indosat Ooredoo Hutchison

Market Cap: US$69.7t

Provides digital telecommunication services in Indonesia.

Cogeco Communications

Market Cap: US$2.8b

Operates as a telecommunications corporation in Canada and the United States.

Controladora Axtel. de

Market Cap: US$3.6b

Through its subsidiaries, provides information and communications technology solutions in Mexico.

Space-Communication

Market Cap: US$20.3m

Provides satellite communication services worldwide.

PLDT

Market Cap: US$239.8b

Provides telecommunications and digital services in the Philippines.

Telekom Austria

Market Cap: US$6.0b

Provides fixed-line and mobile communications solutions to individuals, commercial and non-commercial organizations, and other national and foreign carriers in Austria, Belarus, Bulgaria, Croatia, North Macedonia, Serbia, and Slovenia.

Sitios Latinoamérica. de

Market Cap: US$19.3b

Through its subsidiaries, provides wireless telecommunications infrastructure services and solutions in Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Paraguay, Peru, Puerto Rico, and Uruguay.

Cogent Communications Holdings

Market Cap: US$978.7m

Through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, South America, Europe, Oceania, and Africa.