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Industry Outlook

The telecommunications industry has become essential for keeping people connected during the coronavirus pandemic. As more people have been working from home in the U.S., as well as around the world, the telecommunications sector has helped businesses, individuals, and societies to stay informed and connected. Increased demand for broadband, mobile, voice, and other services has contributed to the strong performance of the telecom sector during the pandemic. According to one industry report, the challenge for telecommunications companies going forward will be to balance the increased demand for the short term while managing their budgets to withstand an extended economic downturn.

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