Tracing AT&T’s Capital Expenditures Over Time – Hal Singer (Feb 10, 2017)

One of the most pervasive stories out there about net neutrality is that, despite threats from the big telcos to reduce investment if it was made law, they have in fact increased spending since NN rules were introduced. This analysis looks at AT&T specifically and argues that its capex has actually gone down over the last three years if you back out the extra investment from its ownership of DirecTV and Mexican wireless assets. AT&T is complex because it no longer breaks out its wireline and wireless capex, but the headline picture here is certainly different from what you’ll see in most coverage of this issue.

via Hal Singer


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