To meet today’s high expectations for interconnectedness, it’s critical that the telecommunications industry plays an important role. Major telecom companies like AT&T Inc. reaped the benefits of a surge in telecom services during the pandemic’s peak. The growth of telecom companies has been boosted by the increase in data traffic and the use of broadband services over the past two years of the pandemic. There was a 40% increase in wireless voice usage in the first six months of 2020 for AT&T Inc. To put this in perspective, the global telecom industry is expected to grow at a CAGR of 6.2% to $3.46 trillion by 2025. As part of the $1.2 trillion infrastructure bill, the United States will receive $65 billion in broadband funding. Telecom companies are putting a lot of money into cloud computing, which is a high-tech area. Cloud infrastructure will account for 80 percent of the investment in 5G integration. Telecom giants such as AT&T and Comcast are leading the way in the digital transformation of the industry.
Here is Insider Monkey’s list of dividend-paying telecom stocks. By 8%, the Pennsylvania-based telecommunications company increased its quarterly dividend payment. Comcast Corporation’s revenue grew by 12.4% in 2021, according to the company. 212,000 new high-speed internet subscribers were added in the fourth quarter of 2021. Another telecom dividend stock to buy in 2022 is Taiwan’s Chunghwa Telecom Co., Ltd. In the fourth quarter of 2021, revenue from mobile communications increased by 9% year over year to NT$27.20 billion. A 2.5 Gbps internet connection with symmetrical upload and download speeds was launched by TELUS Corporation in Edmonton, Canada on February 2. Its mobile and fixed customer base grew by a total of 320,000 in the third quarter of 2021. On June 30, 2021, Verizon Communications Inc. had more than 121 million subscribers, making it the country’s most popular mobile service provider. Overall revenue for the year totaled $133.6 billion, an increase of 4.1% over the previous year. Over six continents, Cogent Communications Holdings, Inc. operates 59,700 route miles of intercity fiber and 38,800 metro fiber miles. Customer connections increased by 5.1% to 92,991 overall in the last year. For more details, click the 10 Best Telecom Dividend Stocks To Buy For 2022.