Global Telecom Undervalued over 20% based on DCF

T-Mobile US

Market Cap: US$275.7b

Provides wireless communications services in the United States, Puerto Rico, and the United States Virgin Islands.

KDDI

Market Cap: JP¥9.9t

Engages in the provision of telecommunications services in Japan and internationally.

Singapore Telecommunications

Market Cap: S$65.7b

Provides telecommunication services to consumers and small businesses in Singapore, Australia, and internationally.

Chunghwa Telecom

Market Cap: NT$1.0t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

Advanced Info Service

Market Cap: ฿883.3b

Operates as a telecommunications and technology company primarily in Thailand.

Cellnex Telecom

Market Cap: €20.5b

Engages in the management of terrestrial telecommunications infrastructures in Austria, Denmark, Spain, France, Ireland, Italy, the Netherlands, Poland, Portugal, the United Kingdom, Sweden, and Switzerland.

China United Network Communications

Market Cap: CN¥167.9b

Provides various telecommunication services in the People’s Republic of China.

Telefônica Brasil

Market Cap: R$106.2b

Operates as a mobile telecommunications company in Brazil.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp291.2t

Provides information and communications technology, and telecommunications network services worldwide.

MTN Group

Market Cap: R298.1b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Vodacom Group

Market Cap: R265.6b

Provides communications products and services.

HKT Trust and HKT

Market Cap: HK$97.5b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ45.6b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

True Corporation

Market Cap: ฿373.2b

Provides telecommunications and value-added services in Thailand.

Tele2

Market Cap: SEK 107.5b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Taiwan Mobile

Market Cap: NT$325.1b

Provides wireless communication services in Taiwan, Republic of China, and internationally.

Zegona Communications

Market Cap: UK£7.5b

Engages in investing in the telecommunications, media, and technology businesses in Europe.

Indus Towers

Market Cap: ₹877.0b

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India.

TIM

Market Cap: R$54.1b

A telecommunications company, provides mobile, fixed, long-distance, data transmission, and broadband services in Brazil.

Elisa Oyj

Market Cap: €7.2b

Provides telecommunications, information and communication technology (ICT), and online services in Finland, rest of Europe, and internationally.

Hellenic Telecommunications Organization

Market Cap: €6.4b

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

Millicom International Cellular

Market Cap: US$7.0b

Provides cable and mobile services in Latin America.

Maxis Berhad

Market Cap: RM 27.5b

An investment holding company, provides a suite of converged telecommunications, digital, and related services and solutions in Malaysia and internationally.

TPG Telecom

Market Cap: AU$9.9b

Provides telecommunications services to consumer, business, enterprise, and government and wholesale customers in Australia.

Telekom Malaysia Berhad

Market Cap: RM 26.5b

Engages in the establishment, maintenance, and provision of telecommunications and related services in Malaysia and internationally.

PCCW

Market Cap: HK$42.8b

Provides telecommunications and related services in Hong Kong, Mainland and other parts of China, Singapore, and internationally.

Bezeq The Israel Telecommunication

Market Cap: ₪17.3b

Provides communications services to business and private customers in Israel.

Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság

Market Cap: Ft1.7t

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

Hrvatski Telekom d.d

Market Cap: €3.1b

Provides telecommunication services in Republic of Croatia and internationally.

Internet Initiative Japan

Market Cap: JP¥498.5b

Provides Internet connectivity, WAN, outsourcing, and systems integration services in Japan.

Sunrise Communications

Market Cap: US$3.2b

Provides telecommunications services to residential and business customers in Switzerland.

Orange Polska

Market Cap: zł11.4b

Provides telecommunications services for individuals, businesses, and wholesale customers in Poland.

Dayamitra Telekomunikasi

Market Cap: Rp51.0t

Provides telecommunication infrastructure solutions.

Spark New Zealand

Market Cap: NZ$4.9b

Provides telecommunications and digital services in New Zealand.

Vodafone Qatar P.Q.S.C

Market Cap: ر.ق10.0b

Provides cellular mobile telecommunication, and fixed-line and broadband services in Qatar.

NetLink NBN Trust

Market Cap: S$3.5b

An investment holding company, owns, designs, builds, and operates the passive fibre network infrastructure for residential homes and non-residential premises, and non-building address point (NBAP) connections in mainland Singapore and its connected islands.