“Prospects for major telecommunications firms remain solid. Demand for smartphones and mobile broadband is still rising at an impressive clip,” Morningstar’s Robert Goldsborough says in an analyst report on the fund.
“And recurring telecom-services revenue tied to these devices also is likely to grow sharply, given that smartphone users are far more likely to surf the Internet and use multimedia messaging services,” he added.
Vanguard Telecommuncations Services Index
