12 Best Telecom Stocks To Invest In Now

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1. T-Mobile US Inc. (NASDAQ:TMUS)

Number of Hedge Fund Holders: 66

T-Mobile US Inc. (NASDAQ:TMUS) is a leading mobile communications provider that offers voice, messaging, and data services across postpaid, prepaid, and wholesale channels. It provides devices like smartphones, wearables, and home broadband routers, and offers services like financing, insurance, and leasing through its T-Mobile and Metro by T-Mobile brands. It operates through its retail stores, online channels, and third-party distributors.

In terms of customer acquisition, the company saw that the digitalization of sales increased the total digital mix of iPhone launch sales by 40% year-over-year, with the majority of T-Mobile US Inc. (NASDAQ:TMUS) branded iPhone pre-orders being made online. In the broadband sector, it delivered industry-leading net additions, reaching 6 million customers within three years and making significant progress toward its target of 12 million by 2028. This growth was fueled by the company’s top-rated 5G network.

T-Mobile US Inc. (NASDAQ:TMUS) raised its full-year guidance, expecting total postpaid customer net additions to be between 5.6 million and 5.8 million, with ~3 million postpaid phone customer net additions anticipated. These results illustrate its capacity for profitable growth and position the company for continued success.

While we acknowledge the growth potential of T-Mobile Us Inc. (NASDAQ:TMUS), our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than TMUS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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