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6 Telecom Stocks to Profit Off 5G Technology
Telecom stocks are favorites of income investors because of their sometimes generous yields. However, as leading telecommunications firms begin rolling out 5G technology, investors may find new reasons to own these stocks.
5G is the fifth generation of mobile wireless technology and a major step up from previous versions. 5G will greatly accelerate download speeds, improve response times and enable networks to connect to many more types of devices.
Wide-ranging applications for 5G in new markets such as video streaming, smart manufacturing and driverless cars will fuel revenue gains for companies providing 5G service and technology. Networking giant Ericsson ( ERIC ) predicts a 5G market surpassing $1.2 trillion within 10 years. Facebook ( FB ) CEO Mark Zuckerberg envisions "killer applications" for 5G in virtual reality games, and other techies think 5G will drive major advances in telemedicine and robotics.
5G-ready telecoms, then, will be able to keep pace with exponential growth in data demand, trim costs and tap into new sources of revenues. They also will benefit from significantly reduced operating costs. Ericsson estimates that 5G networks can deliver mobile data at a tenth of the cost of basic 4G service.
These six technology and telecom stocks are poised to benefit from 5G rollouts over the next two years. In the meantime, these companies are rewarding investors with good-to-great dividend yields.
