The macroeconomic headwinds have kept technology, telecommunication, and media stocks under pressure this year. However, the demand for high-speed data connectivity is fueling the growth of the telecom industry.
President Biden’s Bipartisan Infrastructure Law provides a $65 billion investment to expand high-speed internet access across the country. Moreover, the global telecom market is expected to grow at a CAGR of 7.4% to $3.82 trillion by 2026.
