![](https://focusbankers.com/wp-content/uploads/2023/07/Telecom_Business_Services.jpg)
The FOCUS Telecom Business Services Index (TBSI) enjoyed a solid gain of 7.5% in our spring reporting period. This outperformed the 5.5% gain in the S&P 500 but lagged the 9.8% increase in the NASDAQ. This was the fifth straight reporting period that saw the TBSI in positive territory.
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