2 Foreign Telecom Stocks To Buy Now

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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.

Nippon Telegraph and Telephone Corporation (NTTYY)

Japan’s NTTYY provides fixed voice-related, mobile voice-related, IP/packet communications, and system integration services. The company operates in five segments: mobile communications; regional communications; long-distance and international communications; data communications; and other. On July 27, NTTYY and ACCESS Co. Ltd. announced a business and technology partnership to promote the realization of Innovative Optical and Wireless Network (IOWN). In the wake of digitization and continuing social distancing, this innovation should allow NTTYY to emerge as a prominent player in the industry.

NTTYY and Fujitsu Hong Kong announced on July 21 a collaboration to drive Mobile Digital Workplaces to enable users to be more productive and creative anywhere in an office or other on-site locations. The mobile workspace solution should gain popularity quickly owing to the increased demand for hybrid work structures.

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