To income investors, few things are better than a solid telecommunications stock. A company that’s trying to enter the business will also need to acquire customers. Since most people are already with a carrier, the new company will have to spend a lot of money to convince them to switch. Turning a profit in this business would be extremely difficult for potential entrants. For incumbents in the telecom industry, though, the high barriers to entry have translated to oversized profits...
In today’s article, we will focus on a telecom stock that’s particularly generous to its investors—Vodafone Group Plc (NASDAQ:VOD). Vodafone is a telecommunications company headquartered in London, England. It provides a wide range of services, including voice, messaging, data, fixed broadband, and TV. The company has an established position in the business. It currently serves 470 million mobile customers, 14 million fixed broadband customers, and 9.8 million TV customers. Vodafone Group’s operations are separated into two geographical regions: Europe and Africa, Middle East and Asia Pacific.
Source: Income Investors
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