Should you buy telecom stocks ahead of the 5G boom?

The much-awaited 5G services are rapidly catching up with consumers, as telecom majors carry out beta trials in several cities. While Bharti Airtel is currently undertaking such trials in eight cities, Reliance Jio’s testing is also underway in six cities.

Vodafone Idea, however, hasn’t mentioned any specific timeline. It is expected to roll out 5G network progressively over the next few years.

The progress is reflected in the telcos’ September quarter results as well. Bharti Airtel’s consolidated net profit jumped 89% year-on-year on a 22% revenue growth in Q2.

The company aims to provide 5G services across all of urban, and key rural areas by March 2024.