Global Telecom Low Leverage High Rewards

Forval TelecomInc

Market Cap: JP¥7.8b

Provides various telecommunications carrier services in Japan.

Bredband2 i Skandinavien

Market Cap: SEK 2.1b

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

China Mobile

Market Cap: HK$1.8t

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp261.5t

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

Telekom Austria

Market Cap: €6.2b

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.

freenet

Market Cap: €4.4b

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

Hellenic Telecommunications Organization

Market Cap: €6.8b

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

Saudi Telecom

Market Cap: ر.س237.6b

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

Okinawa Cellular Telephone

Market Cap: JP¥199.0b

Provides telecommunication and mobile phone services in Japan.

China United Network Communications

Market Cap: CN¥166.3b

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

Zain Bahrain B.S.C

Market Cap: ب.د42.6m

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

CITIC Telecom International Holdings

Market Cap: HK$8.7b

An investment holding company, engages in the provision of international telecommunications services worldwide.

Orange Polska

Market Cap: zł12.7b

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

SmarTone Telecommunications Holdings

Market Cap: HK$4.7b

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

APT Satellite Holdings

Market Cap: HK$1.8b

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

Telefônica Brasil

Market Cap: R$90.4b

Operates as a mobile telecommunications company in Brazil.

Chunghwa Telecom

Market Cap: NT$1.0t

Provides telecommunication services in Taiwan and internationally.

Safaricom

Market Cap: KSh703.1b

Provides telecommunication services in Kenya.

Ooredoo Q.P.S.C

Market Cap: ر.ق41.5b

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

China Telecom

Market Cap: HK$711.2b

Provides wireline and mobile telecommunications services primarily in the People’s Republic of China.

Spok Holdings

Market Cap: US$294.4m

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

TIM

Market Cap: R$45.9b

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

Sonatel

Market Cap: XOF 2.5t

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

Telia Lietuva

Market Cap: €987.5m

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.

National Mobile Telecommunications Company K.S.C.P

Market Cap: د.ك548.3m

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

Telekom Slovenije d.d

Market Cap: €578.4m

Provides integrated communication and technology services and solutions in Slovenia, Kosovo, Bosnia and Herzegovina, Croatia, Serbia, Montenegro, and North Macedonia.

Egyptian Satellite Company Nilesat

Market Cap: US$257.5m

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

Vodafone Qatar P.Q.S.C

Market Cap: ر.ق10.0b

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

XLSMART Telecom Sejahtera

Market Cap: Rp39.0t

Provides telecommunication, telecommunications network, and multimedia services for consumers and businesses in Indonesia.