Today’s Research Reports on Stocks to Watch: AT&T and Verizon

NEW YORK, NY / ACCESSWIRE / January 30, 2018 / The government building a 5G network to combat the threat of China listening to U.S. calls sent telecom companies lower on Monday including AT&T and Verizon Communications. Traders were worried that the government may beat both wireless carriers to the punch as both Verizon and AT&T are scheduled to begin rolling out some 5G networks before the end of the year.

RDI Initiates Coverage on:

AT&T Inc.
https://rdinvesting.com/news/?ticker=T

Verizon Communications Inc.
https://rdinvesting.com/news/?ticker=VZ

AT&T Inc. shares closed down 1.48% on about 30.8 million shares traded yesterday. It was over the weekend that President Trump’s national security team has said it is looking into the possibility of the government building a super-fast 5G wireless network to combat the threat of China spying on phone calls in the U.S. A senior administration official stated on Sunday, “We want to build a network so the Chinese can’t listen to your calls,” the senior official told Reuters. “We have to have a secure network that doesn’t allow bad actors to get in. We also have to ensure the Chinese don’t take over the market and put every non-5G network out of business.” AT&T is set to become the first to launch mobile 5G service in 12 locations in the United States this year according to a company spokesman. He remarked, “Thanks to multi-billion dollar investments made by American companies, the work to launch 5G service in the United States is already well down the road.” It was earlier in the month that AT&T had to withdraw plans to offer its customers handsets made by China-based Huawei as some members of Congress lobbied against the idea.

Access RDI’s AT&T Inc. Research Report at:
https://rdinvesting.com/news/?ticker=T

Verizon Communications Inc. shares closed down 1.08% on around 17 million shares traded yesterday. It was a grueling day for wireless carriers after reports indicated that the Trump administration is considering a nationalized 5G network. Despite many being skeptical of this move, it sent traders into a panic. According to Height Securities, “We doubt these ideas will advance for a variety of reasons, including spectrum constraints, private sector investment and the availability of other security measures.” The firm also said, “Additionally, it seems unlikely that the government could purchase or reserve sufficient spectrum to build a 5G network as commercial providers have already purchased the majority of available spectrum.”

Access RDI’s Verizon Communications Inc. Research Report at:
https://rdinvesting.com/news/?ticker=VZ

Our Actionable Research on AT&T Inc. (NYSE: T) and Verizon Communications Inc. (NYSE: VZ) can be downloaded free of charge at Research Driven Investing.

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