Shares of mobile and broadband communications companies are trading lower amid sympathy with AT&T after it reported postpaid phone additions below estimates, a decline in Fiber ARPU, a $2.6 billion Mexico impairment, and service sales declines from legacy copper networks. Also, SpaceX's aggressive plans for direct-to-device rollout may be giving investors pause on the legacy sector.
Shares of mobile and broadband communications companies are trading lower amid sympathy with AT&T after it reported postpaid phone additions below estimates, a decline in Fiber ARPU, a $2.6 billion Mexico impairment, and service sales declines from legacy copper networks. Also, SpaceX's aggressive plans for direct-to-device rollout may be giving investors pause on the legacy sector.
AI-generated summary for informational purposes only. Always verify against the original filing. Not investment advice. BriefTape is not a registered investment adviser.
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