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Quarter-End Insights

Communication Services: Smaller Rivals Call the Shots in U.S. Wireless

The AT&T-Verizon duopoly is being undermined at the margin by T-Mobile and Sprint. Plus, the French telecom market has stabilized.

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  • Overall, we view the communications services sector as modestly undervalued at a market-cap-weighted price/fair value of 0.94.
  • AT&T and Verizon still own industry economics, but T-Mobile is now dictating the rules.
  • The French telecom market has stabilized since Iliad's disruptive entrance in January 2012.

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Brian Colello, CPA does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.