Global Telecom Undervalued over 20% based on DCF

América Móvil. de

Market Cap: Mex$1.4t

Provides telecommunications services in Latin America and internationally.

KDDI

Market Cap: JP¥10.6t

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

Swisscom

Market Cap: CHF 31.7b

Provides telecommunication services in Switzerland, Italy, and internationally.

Telstra Group

Market Cap: AU$54.3b

Provides telecommunications and information services in Australia and internationally.

Advanced Info Service

Market Cap: ฿1.1t

Operates as a telecommunications company primarily in Thailand.

Chunghwa Telecom

Market Cap: NT$1.0t

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

Telefónica

Market Cap: €19.6b

Provides telecommunications services in Spain, Brazil, Germany, and the United Kingdom.

Telefônica Brasil

Market Cap: R$110.2b

Operates as a mobile telecommunications company in Brazil.

Telecom Italia

Market Cap: €17.1b

Engages in the fixed and mobile telecommunications services and products for individuals, households, and supports small and medium-sized enterprises in Italy and internationally.

Cellnex Telecom

Market Cap: €16.7b

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

Rogers Communications

Market Cap: CA$25.3b

Operates as a communications, sports, and entertainment company in Canada.

Etihad Etisalat

Market Cap: ر.س47.8b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Ooredoo Q.P.S.C

Market Cap: ر.ق42.1b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

HKT Trust and HKT

Market Cap: HK$90.6b

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.

Indus Towers

Market Cap: ₹1.1t

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

Quebecor

Market Cap: CA$15.6b

Engages in the telecommunications, media, and sports and entertainment businesses in Canada.

Far EasTone Telecommunications

Market Cap: NT$342.7b

Provides mobile telecommunications services in Taiwan and internationally.

Celcomdigi Berhad

Market Cap: RM 35.1b

An investment holding company, provides mobile communication services and related products in Malaysia.

Hellenic Telecommunications Organization

Market Cap: €7.5b

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

Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság

Market Cap: Ft2.4t

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

Telekom Malaysia Berhad

Market Cap: RM 29.1b

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

Infrastrutture Wireless Italiane

Market Cap: €5.9b

Operates in the electronic communications infrastructure sector in Italy.

Elisa Oyj

Market Cap: €5.7b

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

Bezeq The Israel Telecommunication

Market Cap: ₪19.1b

Provides communications services to business and private customers in Israel.

Telecom Argentina

Market Cap: AR$8.9t

Provides telecommunications services in Argentina, Paraguay, Uruguay, Chile and the United States.

Iridium Communications

Market Cap: US$5.3b

Provides mobile voice and data communications services and products to businesses, the United States and foreign governments, non-governmental organizations, and consumers in the United States, Canada, and internationally.

Zegona Communications

Market Cap: UK£3.3b

Engages in the provision of integrated telecommunications services in Spain.

1&1

Market Cap: €3.5b

Operates as a telecommunications provider in Germany.

Digi Communications

Market Cap: RON 16.8b

Provides telecommunication services in Romania, Spain, Portugal, and Belgium, and mobile telephony services in Italy.

Sunrise Communications

Market Cap: CHF 2.9b

Provides telecommunications services in Switzerland.

Vodafone Qatar P.Q.S.C

Market Cap: ر.ق10.8b

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

NetLink NBN Trust

Market Cap: S$3.8b

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.

Grameenphone

Market Cap: ৳346.6b

Provides mobile telecommunication and digital services in Bangladesh.

Helios Towers

Market Cap: UK£2.0b

An independent tower company, acquires, builds, and operates telecommunications towers.

MTN Uganda

Market Cap: USh9.5t

Provides telecommunication and mobile financial services in Uganda.

Partner Communications

Market Cap: ₪6.8b

Provides various communication services in Israel.