12 Best Telecom Stocks To Invest In Now

2. AT&T Inc. (NYSE:T)

Number of Hedge Fund Holders: 59

AT&T Inc. (NYSE:T) is a global leader in telecommunications and technology, offering services across two segments: Communications and Latin America. The Communications segment provides wireless, wireline, and broadband services to consumers and businesses in the US, while the Latin America segment focuses on wireless services in Mexico.

The company experienced robust growth in 5G subscribers during the third quarter, adding 403,000 postpaid phone net additions, which was achieved with a decrease in churn and upgrade rates. This performance translated into an increase in Mobility EBITDA, exceeding the full-year guidance by reaching a growth rate of over 6%. Mobility EBITDA grew by $600 million year-over-year, reaching $9.5 billion, driven by a 4% increase in Mobility service revenue.

This strong foundation sets the stage for continued success in the fourth quarter, with the anticipated seasonal factors expected to fuel growth further. AT&T Inc.’s (NYSE:T) focus on 5G subscriber growth is a key driver of its overall success.