Dallas, Tex.-based AT&T Inc. (T) and Lumen Technologies, Inc. (LUMN) in Monroe, La., are two prominent players in the telecommunications industry. T is a provider of telecommunications, media, and technical services worldwide. Its services and products include wireless communications, data/broadband, Internet services, video services, local exchange services, long-distance services, telecommunications equipment, managed networking, and wholesale services. LUMN is a facilities-based technology and communications company that provides various integrated products and services to international business and mass-market customers. It offers communications, network security, cloud solutions, voice, fiber infrastructure, and managed services.
The continuing digitization of industries and remote lifestyles have driven the demand for communications services for better connectivity. Rising investments in advanced technologies should drive the growth of companies offering high-speed and uninterrupted data connectivity. The global telecom market is expected to grow at a 7.4% CAGR to $3.82 trillion by 2026. So, both T and LUMN should benefit.
