AT&T makes money and Loses Customers
AT&T lost 34,000 broadband subscribers in 2nd Quarter 2019. AT&T’s business is shrinking before our eyes even though it bought Time Warner in 2018.
Read MoreIn individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
AT&T lost 34,000 broadband subscribers in 2nd Quarter 2019. AT&T’s business is shrinking before our eyes even though it bought Time Warner in 2018.
Read MoreErgen wants out of subscription television, because he understands TV is dead. I think Charlie believes traditional television will soon no longer attract enough subscribers to be a profitable business.
Read MoreIt looks as if pay TV’s customer base is slowly disappearing but the strange thing is the industry seems to be making more money than ever. Financial data provided by ycharts indicates that cord cutting is not hurting revenues, cash flow and income at Pay TV providers.
Read MoreFiber would be serious competition for AT&T if it ever rolls out because Alphabet (NASDAQ: GOOG) wants to bring the service to some of the cities where AT&T offers U-verse. A list of cities for possible Fiber rollout includes Raleigh, Charlotte, Chicago and Los Angeles, all areas were U-verse is available. Fiber already competes directly against U-verse in Austin and Kansas City, and it will be rolled out in San Francisco and San Antonio, where AT&T operates.
Read MoreTherefore, cable companies will continue to generate float and remain a decent value investment for some time to come. If you are looking for a fairly safe and cheap way to cash in on the digital entertainment revolution, cable could be it. Cablevision and Comcast, in particular, look undervalued.
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