Global Telecom Low Leverage High Rewards

Forval TelecomInc

Market Cap: JP¥9.5b

Provides various telecommunications carrier services in Japan.

Telekom Austria

Market Cap: €6.1b

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.

Gamma Communications

Market Cap: UK£668.9m

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

Hellenic Telecommunications Organization

Market Cap: €6.7b

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

China United Network Communications

Market Cap: CN¥141.9b

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

Zain Bahrain B.S.C

Market Cap: ب.د44.8m

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

Sonatel

Market Cap: XOF 2.8t

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp302.1t

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

China Mobile

Market Cap: HK$1.7t

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

freenet

Market Cap: €3.0b

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

Hrvatski Telekom d.d

Market Cap: €3.0b

Provides telecommunication services in Republic of Croatia and internationally.

Bahnhof

Market Cap: SEK 5.5b

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

APT Satellite Holdings

Market Cap: HK$2.8b

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

Pak Datacom

Market Cap: PK₨1.4b

Engages in setting up, operating, and maintaining a network of data communication solutions in Pakistan.

BENEFIT JAPAN

Market Cap: JP¥11.4b

Engages in the internet telecommunication business in Japan.

TIME dotCom Berhad

Market Cap: RM 10.9b

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

Palestine Telecommunications Company P.L.C

Market Cap: د.أ698.9m

Palestine Telecommunications Company P.L.C.

Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság

Market Cap: Ft1.8t

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

Chunghwa Telecom

Market Cap: NT$1.0t

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

Far EasTone Telecommunications

Market Cap: NT$337.9b

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

China Unicom (Hong Kong)

Market Cap: HK$216.6b

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

Ooredoo Q.P.S.C

Market Cap: ر.ق39.7b

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

Airtel Networks Zambia

Market Cap: K16.6b

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

TIM

Market Cap: R$64.3b

Engages in the telecommunications sector in Brazil.

Robi Axiata

Market Cap: ৳157.7b

Operates as mobile network operator in Bangladesh.

National Mobile Telecommunications Company K.S.C.P

Market Cap: د.ك776.8m

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

Grameenphone

Market Cap: ৳339.1b

Provides mobile telecommunication and digital services in Bangladesh.

Egyptian Satellite Company Nilesat

Market Cap: US$278.8m

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

Bangladesh Submarine Cables

Market Cap: ৳26.4b

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

Telia Lietuva

Market Cap: €1.2b

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.

Vodafone Qatar P.Q.S.C

Market Cap: ر.ق10.5b

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

CITIC Telecom International Holdings

Market Cap: HK$10.1b

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 28.1b

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