In this article, I evaluated two foreign telecom stocks, VEON Ltd. (VEON) and SoftBank Group Corp. (SFTBY), to determine which could generate better returns. I believe VEON is the better investment for reasons explained throughout this piece.
Despite several macroeconomic headwinds, the telecom industry is expected to maintain its growth trajectory this year and beyond, thanks to strong demand for high-speed data connectivity and value-added managed services. With the growing use of smartphones across the globe, the need for high-speed internet is increasing exponentially.
