12 Best Telecom Stocks To Invest In Now

9. United States Cellular Corp. (NYSE:USM)

Number of Hedge Fund Holders: 21

United States Cellular Corp. (NYSE:USM) is a leading provider of wireless telecommunications services in the US. It offers a comprehensive range of services, including voice, messaging, data, and a diverse portfolio of devices and accessories. It uses a multi-channel distribution network, including retail stores, direct sales, and online platforms, serving a broad customer base that includes consumers, businesses, and government entities.

The company is mirroring the success of industry leaders by monetizing a significant portion of its spectrum assets, including a recent $1.02 billion deal with AT&T. Spectrum assets are valuable licenses that allow companies to use specific portions of the electromagnetic spectrum for wireless communication, enabling them to provide services like cell phone calls and data. This divestment strategy also includes the sale of non-core businesses such as OneNeck IT solutions.

Furthermore, United States Cellular Corp. (NYSE:USM) demonstrates strong wireless performance with improved subscriber metrics, such as a 20,000 year-over-year reduction in retail net losses, and increased revenue per user driven by the successful promotion of higher-tier plans. This reflects a focus on customer satisfaction, aligning with long-term growth prospects.