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Wireless Pricing Wars Take A Bite Out Of AT&T

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Summary

  • AT&T results are starting to struggle as the domestic pricing war unfolds.
  • The company reported lower earnings over the prior year, and missed analyst estimates.
  • The high dividend yield is not attractive enough to overcome the domestic pricing pressures.
 In what shouldn't be a huge surprise to investors considering the pricing wars in the domestic wireless market amplified by Sprint back in August, AT&T (NYSE:T) reported Q314 earnings that missed analyst estimates. The domestic telecom giant faces a wireless market where Sprint (NYSE:S) and T-Mobile (NYSE:TMUS) are suddenly battling for subscribers via aggressive pricing plans.


       Read full article at Seeking Alpha.


     Disclosure: No positions mentioned. Please review the disclaimer for more details.

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