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Why Megaport Ltd (ASX:MP1) is the one to watch as telco wars heat up

Investors have their popcorn ready for the 5G network tussle as Telstra Corporation Ltd (ASX: TLS) and TPG Telecom Ltd (ASX: TPM) battle it out in a bidding war, but this small-cap connectivity player is the one to keep an eye on.

Megaport Ltd (ASX: MP1) shares have risen 72% from its share price of $2.20 at this time last year to $3.80 at the time of writing and according to an article in The Financial Review, the company provides “elastic connectivity” – allowing businesses to vary how much they need to use their data storage without installing physical infrastructure – a burgeoning niche.

The report focuses on Megaport’s Bevan Slattery, a serial entrepreneur, and by the sounds of it, one with his finger on the pulse.

Slattery also heads up telco infrastructure company Superloop Ltd (ASX: SLC) and was the brains behind data centre operator Nextdc Ltd (ASX: NXT).

One thing is for sure, any company with Slattery behind it looks seems to be able to second-guess the next big thing and Megaport looks to be no exception to the rule.

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Motley Fool contributor Carin Pickworth owns shares of Telstra Limited. The Motley Fool Australia owns shares of and has recommended Telstra Limited and TPG Telecom Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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