AT&T, Verizon, and T-Mobile are set to report Q3 earnings amid increased wireless competition and strategic shifts, with Verizon's new CEO potentially suspending dividend growth to fund fiber expansion and growth initiatives, while T-Mobile continues subscriber growth and strategic leadership changes.
AT&T's stock rebounded after a dip caused by EchoStar's $17 billion spectrum deal with SpaceX, as analysts see AT&T's own spectrum acquisitions from EchoStar strengthening its competitive position in wireless services, with potential upside of 10% and continued dividend support.
Concerns have been raised about the dividends of AT&T and Verizon Communications due to worries over lead-cable contamination, wireless competition, and a slowdown in industry growth. However, Citi believes that these concerns are unfounded and that the dividends of both companies are safe.
Concerns have been raised about the dividends of AT&T and Verizon Communications due to worries over lead-cable contamination, wireless competition, and a slowdown in industry growth. However, Citi believes that these concerns are unfounded and that the dividends of both companies are safe.