Wireless and wireline carriers - Verizon, AT&T, T-Mobile + global majors. Capital-intensive, dividend-driven holdings; thin moats but predictable cash flows.
Industry leader
T-Mobile US, Inc. TMUS
Buffett-Fit: 54/100
Telecom carriers run on subscriber count + ARPU growth + capex-to-revenue discipline. The US market is a 3-player oligopoly (Verizon, AT&T, T-Mobile) with rational pricing; international markets are more fragmented and competitive. Dividend-coverage by FCF is the most-important quality screen - telecom dividends have been cut more than once.
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Educational framework analysis only. Not investment advice, not a recommendation, not personalized to your situation. Always do your own research.