Cable and telecom companies are a major part of many portfolios, especially income/dividend focused ones. Why? It’s certainly not because of their huge revenues or earnings growth. Rather, it’s because like many other types of businesses (utilities, REIT’s, MLP’s, etc), these companies provide consistent income every quarter with little to no volatility. It’s easy to depend on them and they generally do well no matter how the overall economy performs. As much as we pretend that having a television is a “luxury”, the fact is that even in tougher economic times, few customers end up getting rid of their cable/phone/internet connections.