© Reuters. 2 Foreign Telecom Stocks to Buy Now

The telecom industry fared well during the pandemic by introducing game-changing solutions and by commercial deployment of 5G. With the under-resourced domestic semiconductor industry holding back U.S.-based telecom operators, foreign players Nippon Telegraph and Telephone (OTC:) Corporation (NTTYY) and América Móvil (AMX) are expected to perform better. Read on for more details.The telecom industry has been evolving rapidly since last year to provide high-speed network connectivity to keep up with the heightened market demand. Companies have introduced game-changing solutions, such as the 5th generation (5G) technology and artificial intelligence (AI)-backed conversational platforms to meet the demand for high-speed connectivity and enhanced customer experience.

Furthermore, amid the ongoing 5G race, telecom giants have been commercially deploying 5G to secure and/or maintain high market shares. With next-generation connectivity deployment and constant innovation, the global telecom market is expected to reach $2713.53 billion in 2021, growing at a 6.2% CAGR.

The current global semiconductor shortage and trade restrictions with major producers such as China have been significant headwinds for the domestic telecom industry. Conversely, foreign operators Nippon Telegraph and Telephone Corporation (NTTYY) and América Móvil, S.A.B. de C.V. (AMX) have demonstrated impressive performance and we think are likely to grow further in the coming months.

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here