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3 5G Stocks to Buy in August

TheMotleyFool

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Mobile service providers are busy launching their next-gen 5G networks, and a handful of 5G-enabled phones are now available. Meanwhile, on the business front, some organizations are beginning to test out the service in new edge network applications like connected factory equipment and real-time monitoring of digital operations.

But the truth is, network upgrades are a constant and never-ending endeavor, and a ubiquitous 5G future is still at least a few years away. But three companies that could benefit from the deployment of 5G in the next decade that three Fool.com contributors think are buys in August are Xilinx (NASDAQ: XLNX), American Tower (NYSE: AMT), and T-Mobile (NASDAQ: TMUS).

Image source: Getty Images.

Source Fool.com

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