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Investors have been betting on telecom stocks amid the gradual 5G network commercialization, which is expected to be the next big thing in the tech space. This is evident from the SPDR S&P Telecom ETF’s (XTL) 41% gains over the past year compared to the broader SPDR S&P 500 ETF Trust (SPY) 32% returns.
Given this backdrop, global telecom stocks Telefónica, S.A. (TEF), Telia Company AB (TLSNY), Telefônica Brasil S.A. (VIV), and Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC), which are currently trading under $10, could be solid bets now.
