U.S. Telecom Potentially Undervalued Companies

Kyivstar Group

Market Cap: US$2.6b

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.

Telefónica

Market Cap: US$21.0b

Provides telecommunications services in Europe and Latin America.

Telecom Italia

Market Cap: US$11.0b

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

Telecom Italia

Market Cap: US$11.0b

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

Millicom International Cellular

Market Cap: US$8.4b

Provides cable and mobile services in Latin America.

PLDT

Market Cap: US$272.2b

Provides telecommunications and digital services in the Philippines.

Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság

Market Cap: US$1.5t

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

BCE

Market Cap: US$29.9b

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

Rogers Communications

Market Cap: US$29.2b

Operates as a communications and media company in Canada.

Cogent Communications Holdings

Market Cap: US$833.0m

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.

Vodafone Group

Market Cap: US$22.4b

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

ATN International

Market Cap: US$297.2m

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$3.6b

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

IHS Holding

Market Cap: US$2.1b

Develops, owns, and operates shared communications infrastructure in Nigeria, Sub-Saharan Africa, the Middle East and North Africa, and Latin America.

Telefónica

Market Cap: US$21.0b

Provides telecommunications services in Europe and Latin America.

Vodafone Group

Market Cap: US$22.4b

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

Liberty Global

Market Cap: US$3.6b

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

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$46.5t

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

Lumen Technologies

Market Cap: US$8.3b

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

AT&T

Market Cap: US$181.4b

Provides telecommunications and technology services worldwide.

Proximus

Market Cap: US$2.2b

Provides digital services and communication solutions in Belgium and internationally.

Bandwidth

Market Cap: US$438.6m

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.

Deutsche Telekom

Market Cap: US$129.8b

Provides integrated telecommunication services worldwide.

KORE Group Holdings

Market Cap: US$68.7m

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

Hellenic Telecommunications Organization

Market Cap: US$6.6b

Engages in the provision of telecommunications and related services to residential and businesses in Greece and Romania.

Indosat Ooredoo Hutchison

Market Cap: US$65.8t

Provides digital telecommunication services in Indonesia.

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.

Hutchison Telecommunications Hong Kong Holdings

Market Cap: US$5.1b

An investment holding company, engages in mobile telecommunications business in Hong Kong and Macau.

Rogers Communications

Market Cap: US$29.2b

Operates as a communications and media company in Canada.

Sunrise Communications

Market Cap: US$3.9b

Provides telecommunications services to residential and business customers in Switzerland.

Iridium Communications

Market Cap: US$1.7b

Provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide.