From Yahoo Finance: 2025-03-28 10:02:00

The global telecom services market is valued at $1.98 trillion, set to grow 6.5% from 2025 to 2030. Key drivers include 5G infrastructure spending, rising mobile subscribers, demand for high-speed data, and managed services. 5G connections are projected to reach 7.9 billion by 2028, with 5G constituting over half of all connections.

Telecom companies stand to capture a $100 billion opportunity within the 5G economy. AI investments in telcos are projected to rise from $3.34 billion in 2024 to $58.7 billion by 2032. AI enables network improvements, self-healing networks, automated transitions, and AR applications. AI will drive 6G’s evolution towards connected intelligence and enhance predictive maintenance and customer experiences.

An initial list of top telecom stocks was compiled using the Finviz stock screener and selecting the 13 stocks popular among elite hedge funds. Cogent Communications Holdings, Inc. (NASDAQ:CCOI) ranks 10th on the list. Alphyn Capital Management is optimistic about CCOI’s performance, expecting annual revenue growth of 5% to 7% per year. The company operates 1,646 carrier-neutral data centers and 104 data centers.

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) specializes in high-speed internet access and private network services. The company’s network infrastructure is rapidly expanding, with quarterly revenue from wavelength services seeing a 124% year-over-year increase. CCOI anticipates annual revenue growth of 5% to 7% and has a dedicated sales force for different market segments.

Read more: Is Cogent Communications (CCOI) the Best Telecom Stock to Buy According to Hedge Funds?