Telecom Networks: Carriers & Equipment

Own the operators and equipment suppliers that connect households, enterprises, and mobile devices through fiber and wireless networks. Recurring connectivity revenue and ongoing network upgrades offer a different demand mix from crowded AI-compute trades in a weaker technology tape. The basket combines service providers with networking and optical infrastructure suppliers, while retaining exposure to competitive pricing and carrier capital-spending cycles. Launch basket (equal weight): T, VZ, CSCO, CIEN, GLW, TMUS, NOK Rules: 1. No inverse, leveraged or volatility ETFs. 2. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.