Global Telecom Low Leverage High Rewards

Telekom Austria

Market Cap: €5.7b

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.

Forval TelecomInc

Market Cap: JP¥9.6b

Provides various telecommunications carrier services in Japan.

Zain Bahrain B.S.C

Market Cap: ب.د44.4m

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

Gamma Communications

Market Cap: UK£829.5m

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: €6.6b

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

freenet

Market Cap: €3.5b

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

China United Network Communications

Market Cap: CN¥161.6b

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

Okinawa Cellular Telephone

Market Cap: JP¥260.1b

Provides telecommunication and portable phone services in Japan.

Bredband2 i Skandinavien

Market Cap: SEK 2.8b

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

National Mobile Telecommunications Company K.S.C.P

Market Cap: د.ك691.1m

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

CITIC Telecom International Holdings

Market Cap: HK$9.4b

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

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: Rp337.8t

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

REDtone Digital Berhad

Market Cap: RM 293.7m

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

Hrvatski Telekom d.d

Market Cap: €3.1b

Provides telecommunication services in Republic of Croatia and internationally.

APT Satellite Holdings

Market Cap: HK$1.9b

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¥10.1b

Engages in the internet telecommunication business in Japan.

Saudi Telecom

Market Cap: ر.س209.9b

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

Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság

Market Cap: Ft1.6t

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.

China Unicom (Hong Kong)

Market Cap: HK$257.3b

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.ق41.7b

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

Airtel Networks Zambia

Market Cap: K14.3b

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

Spok Holdings

Market Cap: US$274.6m

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

Safaricom

Market Cap: KSh1.1t

Provides telecommunication services in Kenya and Ethiopia.

Robi Axiata

Market Cap: ৳146.7b

Operates as mobile network operator in Bangladesh.

Scancom

Market Cap: GH₵55.6b

Provides telecommunications services in Ghana.

Telekom Slovenije d.d

Market Cap: €588.1m

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

Telia Lietuva

Market Cap: €1.1b

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.

Egyptian Satellite Company Nilesat

Market Cap: US$252.7m

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

Telekom Malaysia Berhad

Market Cap: RM 30.5b

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

Vodafone Qatar P.Q.S.C

Market Cap: ر.ق10.0b

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