Oppenheimer Downgrades AT&T: Satellite Internet Threatens Broadband Future
AT&T cut to Perform as analysts warn satellite internet could steal broadband users despite its big fiber expansion plans.
AT&T cut to Perform as analysts warn satellite internet could steal broadband users despite its big fiber expansion plans.
AST SpaceMobile shares surged after AT&T, Verizon, and T-Mobile announced a joint venture to expand satellite direct-to-device coverage and eliminate U.S. dead zones.
AT&T buys 50 MHz for 5G ($23B) and SpaceX gets 65 MHz for Starlink direct-to-device ($17B).
AT&T beat Q1 expectations with higher revenue and earnings, strong customer growth, but stock fell on cash flow and outlook concerns.
Morgan Stanley: T-Mobile leads, AT&T improving, Verizon uncertain as it works to regain customer growth.
T-Mobile added 962K phone subscribers in Q4 2025, beating rivals but missing estimates. Revenue up 11%, but profit dips due to costs. Strong broadband gains and 2026 outlook shared.