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telecommunications sector consists video across the globe

Telecom operators also make money by providing network connectivity to other telecom companies that need it, and by wholesaling circuits to heavy network users like Internet service providers and large corporations. Interconnected and wholesale markets favor those players with far-reaching networks.

Vodafone Group PLC (VOD)
Revenue (TTM): $50.5 billion
Net Income (TTM): $2.9 billion
Market Cap: $46.1 billion
1-Year Trailing Total Return: -5.9%
Exchange: NASDAQ
Read more: how does 5g work
Vodafone Group is a U.K.-based company that provides a range of telecommunications services, including voice and data communications. It offers mobile services, such as call, text, and data access, as well as fixed line services, including broadband, television, and voice. The company also offers Internet of Things (IoT), public and private cloud services, cloud-based applications, and products for securing networks and devices.

The stability of the sector's growth, even during periods of recession, means that it is considered to be a solid defensive investment while maintaining its appeal to growth investors. Even during uncertain and volatile economic times, the steady demand for voice and data services, along with extensive subscription plans, assures a stable source of revenues for major telecom firms.
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