Global Telecom Undervalued over 20% based on DCF

América Móvil. de

Market Cap: Mex$1.2t

Provides telecommunications services in Latin America and internationally.

Swisscom

Market Cap: CHF 32.7b

Provides telecommunication services in Switzerland, Italy, and internationally.

Telstra Group

Market Cap: AU$52.3b

Provides telecommunications services in Australia and internationally.

Chunghwa Telecom

Market Cap: NT$1.1t

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

Advanced Info Service

Market Cap: ฿1.1t

Operates as a telecommunications company primarily in Thailand.

Telefónica

Market Cap: €20.5b

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

MTN Group

Market Cap: R347.7b

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

Telecom Italia

Market Cap: €16.2b

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

Vodafone Idea

Market Cap: ₹1.5t

Provides telecommunication services to individuals, communities, and businesses in India.

Etihad Etisalat

Market Cap: ر.س50.4b

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

HKT Trust and HKT

Market Cap: HK$92.6b

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.

Far EasTone Telecommunications

Market Cap: NT$366.0b

Provides mobile telecommunications services in Taiwan and internationally.

Taiwan Mobile

Market Cap: NT$348.5b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

Hellenic Telecommunications Organization

Market Cap: €7.8b

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

Mobile Telecommunications Company K.S.C.P

Market Cap: د.ك2.7b

Provides mobile telecommunication services in Kuwait, Jordan, Iraq, Bahrain, the Kingdom of Saudi Arabia, Lebanon, Sudan, and South Sudan.

Celcomdigi Berhad

Market Cap: RM 33.6b

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

Telekom Malaysia Berhad

Market Cap: RM 30.2b

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

Maxis Berhad

Market Cap: RM 29.9b

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

Bezeq The Israel Telecommunication

Market Cap: ₪21.4b

Provides communications services to business and private customers in Israel.

Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság

Market Cap: Ft2.2t

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

Elisa Oyj

Market Cap: €5.8b

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

Infrastrutture Wireless Italiane

Market Cap: €5.7b

Operates in the electronic communications infrastructure sector in Italy.

Telecom Argentina

Market Cap: AR$9.0t

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

TPG Telecom

Market Cap: AU$7.5b

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

PCCW

Market Cap: HK$41.2b

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

Iridium Communications

Market Cap: US$5.2b

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.

1&1

Market Cap: €3.9b

Operates as a telecommunications provider in Germany.

Digi Communications

Market Cap: RON 18.6b

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

Hrvatski Telekom d.d

Market Cap: €3.0b

Provides telecommunication services in Republic of Croatia and internationally.

Vodafone Qatar P.Q.S.C

Market Cap: ر.ق11.2b

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.

MTN Uganda

Market Cap: USh9.7t

Provides telecommunication and mobile financial services in Uganda.

Spark New Zealand

Market Cap: NZ$4.1b

Operates as a telecommunications company in New Zealand.

Partner Communications

Market Cap: ₪7.0b

Provides various communication services in Israel.

U-NEXT HOLDINGSLtd

Market Cap: JP¥319.6b

Offers entertainment services.

Kuwait Telecommunications Company K.S.C.P

Market Cap: د.ك602.2m

Kuwait Telecommunications Company K.S.C.P.