The article points out that Meta and Google (Alphabet) collectively account for approximately 43% of the Communication Services Select Sector SPDR Fund (XLC) ETF's portfolio, while traditional telecom companies like AT&T and Verizon have a weight of only about 4%, leading to a much lower-than-expected dividend yield. The analysis suggests that investors seeking telecom stock yields can directly hold AT&T, Verizon, and Comcast, as these three companies offer a blended dividend yield of approximately 5%, significantly higher than XLC's payout level of less than 1%, and provide more direct exposure to fiber and wireless convergence.