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"If you build it, they will come," was a line immortalized in the movie "Field of Dreams." It is also a fitting mantra for telecommunications companies in 2020, as they launch new initiatives that they hope will turn into leading businesses in the future. Their efforts are of interest to the Invesco High Yield team, as the communications sector represents just over 20% of the Bloomberg Barclays US Corporate High Yield Bond Index.1 Our team is watching five key areas of opportunity in the sector in the coming year: