AT&T, Verizon, and T-Mobile Make the Case for Their Beleaguered Stocks – Barron’s

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From left to right: Verizon CFO Matt Ellis, AT&T CFO Pascal Desroches, and T-Mobile CFO Peter Osvaldik.

Staff Illustration; Courtesy Photographs

The wireless industry is transitioning to a new era. Next-generation 5G networks promise faster speeds, new applications, and greater revenue growth for carriers.

And while those advances require tens of billions of dollars in investment to realize, wireless service is a highly profitable recurring revenue business. That means a lot of free cash flow and the capacity for serious shareholder returns.