In this article, I have evaluated prominent telecom stocks, Verizon Communications Inc. (VZ) and InterDigital, Inc. (IDCC), to determine which stock to invest in. After thoroughly evaluating these stocks, I think while IDCC could be a solid buy, waiting for a better entry point for VZ could be ideal for the reasons discussed in this article.
Rising spending on the deployment of 5G infrastructures due to the shift in customer inclination toward next-generation technologies and smartphone devices is driving growth in the telecom industry. Also, the global communication network has undoubtedly been one of the prominent areas for continued technological advancements over the past few decades.
