Telecom: Firms Strive to Be More Than 'Dumb Pipes'
U.S. telecoms are working to diversify away from being pure wireless network providers.
U.S. Telecom Continues to Combat the Fear of Being a 'Dumb Pipe'
Perhaps the most important trend we're seeing in U.S. telecom is the ongoing shift in strategy to diversify away from being a pure wireless network provider. AT&T (T), in particular, continues to move away from wireless and into satellite television and over-the-top, or OTT, TV via its acquisition of DirecTV and, more recently, the firm's pending entry into the media content space via its acquisition of Time Warner (TWX).
Brian Colello, CPA does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.