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Accelerating demand for high-speed data connectivity, rapid digitalization across industries and the explosion of consumer-generated multimedia content via Over-The-Top (OTT) applications should fuel the industry’s growth. Furthermore, the applications of wireless telegraphy, broadcasting, satellite communications, and fiber communications are expected to drive the telecom industry’s growth further. Indeed, the global mobile telecommunications market is expected to reach $835 billion by 2026, registering a 3.8% CAGR.
Therefore, we think it could be wise to scoop up quality telecom stocks AT&T Inc. (T), InterDigital, Inc. (IDCC), and Ooma, Inc. (OOMA). They look undervalued at their current price levels.
