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Telecom Industry Slashes Investments for 2020-2021; Focus on Profit Margins New Priority ·
Charter, Comcast, AT&T, and Verizon have surprised Wall Street with dramatic cutbacks in spending and investment in their networks, with one provider admitting improving profit margins are now a bigger priority. As a result, Wall Street analysts are revising down capital expenditure (Capex) estimates in reports to their investor clients. “Comcast and Charter missed [third …