Global Telecom Low Leverage High Rewards

Zain Bahrain B.S.C

Market Cap: ب.د42.9m

Zain Bahrain B.S.C. principally engages in the provision of public telecommunications and related products and services in the Kingdom of Bahrain.

Forval TelecomInc

Market Cap: JP¥9.6b

Provides various telecommunications carrier services in Japan.

freenet

Market Cap: €3.4b

Provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany.

Hellenic Telecommunications Organization

Market Cap: €6.5b

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

Telekom Austria

Market Cap: €6.4b

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.

SmarTone Telecommunications Holdings

Market Cap: HK$5.2b

An investment holding company, provides telecommunication services in Hong Kong.

China United Network Communications

Market Cap: CN¥184.1b

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

Okinawa Cellular Telephone

Market Cap: JP¥245.5b

Provides telecommunication and portable phone services in Japan.

Saudi Telecom

Market Cap: ر.س214.1b

Provides telecommunications, information, media, and digital payment services in the Kingdom of Saudi Arabia and internationally.

Bredband2 i Skandinavien

Market Cap: SEK 3.1b

Provides data communication and security solutions to individuals and companies in Sweden.

National Mobile Telecommunications Company K.S.C.P

Market Cap: د.ك598.9m

Provides telecommunications services and related products in Kuwait, Algeria, Tunisia, Maldives, and Palestine.

CITIC Telecom International Holdings

Market Cap: HK$9.6b

An investment holding company, engages in the provision of international telecommunications services in Hong Kong, China, Macau, Singapore, and internationally.

Hrvatski Telekom d.d

Market Cap: €3.1b

Provides telecommunication services in Republic of Croatia and internationally.

Bahnhof

Market Cap: SEK 6.7b

Engages in the Internet and telecommunications business in Sweden and rest of Europe.

REDtone Digital Berhad

Market Cap: RM 386.5m

An investment holding company, provides integrated telecommunications and digital infrastructure services in Malaysia.

China Mobile

Market Cap: HK$2.0t

Provides telecommunications and information related services in Mainland China and Hong Kong.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp321.0t

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

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.

APT Satellite Holdings

Market Cap: HK$2.0b

An investment holding company, maintains, operates, and provides satellite transponder capacity and related services, satellite-based broadcasting and telecommunications services, and other services.

BENEFIT JAPAN

Market Cap: JP¥11.7b

Engages in the telecommunication business in Japan.

Airtel Networks Zambia

Market Cap: K13.0b

Provides cellular radio telecommunication services for individual and business customers in Zambia.

Spok Holdings

Market Cap: US$364.0m

Through its subsidiary, Spok, Inc., provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East.

Chunghwa Telecom

Market Cap: NT$1.1t

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

China Telecom

Market Cap: HK$729.1b

Provides mobile communications, wireline and satellite communications, internet access, cloud computing and computing power, AI, big data, quantum, ICT integration in the People’s Republic of China.

Safaricom

Market Cap: KSh1.1t

Provides telecommunication services in Kenya and Ethiopia.

Ooredoo Q.P.S.C

Market Cap: ر.ق42.4b

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

Sonatel

Market Cap: XOF 2.5t

Provides telecommunications services in Senegal, Mali, Guinea Bissau, Guinea Conakry, and Sierra Leone.

Egyptian Satellite Company Nilesat

Market Cap: US$246.3m

Provides direct-to-home (DTH) broadcasting, satellite broadband, and other communication services in Egypt, the Middle East, and North Africa.

Telia Lietuva

Market Cap: €1.0b

Provides telecommunications, information technology (IT), and television (TV) services to business and residential customers in the Republic of Lithuania, Sweden, Norway, Finland, Estonia, and Latvia.

Société Tunisienne d'Entreprises de Télécommunications

Market Cap: د.ت26.9m

Société Tunisienne d'Entreprises de Télécommunications S.A.

Vodafone Qatar P.Q.S.C

Market Cap: ر.ق10.2b

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