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Nimesh Jaiswal

SHOCKING: 2 discounted telecom stocks to add in july - What They Never Told You

OOMA IDCC Interdigital InterDigital Inc Ooma Inc

Telecom services are in high demand due to the increasing need for advanced connected technologies to facilitate hybrid working and digitalization. In addition, the $1.20 trillion infrastructure Investment and Jobs Act (IIJA) passed last year has devoted $65 billion to nationwide broadband adoption, which should boost the domestic telecom sector.

Moreover, telecom companies are investing heftily in deploying 5G due to the increasing inclination toward next-generation technologies. According to a report by Precedence Research, the global telecom services market is expected to grow at a CAGR of 4.9% by 2030.

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