Global Telecom Low Leverage High Rewards

Telekom Austria

Market Cap: €6.6b

Provides fixed-line and mobile communications solutions to individuals, commercial and non-commercial organizations, and other national and foreign carriers in Austria, Bulgaria, Croatia, Belarus, Slovenia, Serbia, and North Macedonia.

Forval TelecomInc

Market Cap: JP¥9.2b

Provides various telecommunications carrier services in Japan.

Hellenic Telecommunications Organization

Market Cap: €7.2b

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

China Mobile

Market Cap: HK$1.9t

Provides communication, computing, and AI services in Mainland China and Hong Kong.

Gamma Communications

Market Cap: UK£851.3m

Provides technology-based communications and software services to small, medium, and large-sized organizations in the United Kingdom, rest of Europe, and internationally.

China United Network Communications

Market Cap: CN¥141.3b

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

Okinawa Cellular Telephone

Market Cap: JP¥294.5b

Provides telecommunication and portable phone services in Japan.

Zain Bahrain B.S.C

Market Cap: ب.د43.3m

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

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.

Hrvatski Telekom d.d

Market Cap: €3.2b

Provides telecommunication services in Republic of Croatia and internationally.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp293.2t

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

Bahnhof

Market Cap: SEK 5.8b

Provides internet services to individuals and businesses in Sweden and internationally.

freenet

Market Cap: €3.1b

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

TIME dotCom Berhad

Market Cap: RM 11.7b

An investment holding company, provides telecommunications services in Malaysia and internationally.

Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság

Market Cap: Ft2.3t

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

BENEFIT JAPAN

Market Cap: JP¥12.0b

Engages in the internet telecommunication business in Japan.

Ooredoo Q.P.S.C

Market Cap: ر.ق43.2b

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

Airtel Networks Zambia

Market Cap: K18.2b

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

TIM

Market Cap: R$58.4b

Engages in the telecommunications sector in Brazil.

China Unicom (Hong Kong)

Market Cap: HK$233.8b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Chunghwa Telecom

Market Cap: NT$1.1t

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

China Telecom

Market Cap: HK$615.9b

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.

Far EasTone Telecommunications

Market Cap: NT$345.8b

Engages in the provision of telecommunications and digital application services in Taiwan.

MTN Nigeria Communications

Market Cap: ₦17.1t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

Sonatel

Market Cap: XOF 2.9t

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

Advanced Info Service

Market Cap: ฿1.0t

Operates as a telecommunications company primarily in Thailand.

Scancom

Market Cap: GH₵90.0b

Provides telecommunications services in Ghana.

Bangladesh Submarine Cables

Market Cap: ৳26.3b

Provides bandwidth through submarine cable to operators that delivers voice and data bandwidth services in Bangladesh.

Grameenphone

Market Cap: ৳325.6b

Provides mobile telecommunication and digital services in Bangladesh.

Egyptian Satellite Company Nilesat

Market Cap: US$332.9m

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

Telia Lietuva

Market Cap: €1.4b

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

CITIC Telecom International Holdings

Market Cap: HK$10.4b

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

Telekom Malaysia Berhad

Market Cap: RM 29.3b

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