AT&T Underestimates Growing Threat from Satellite Internet -- Market Talk

Dow Jones06-03 23:55

1155 ET - AT&T's long-term broadband subscriber growth, and eventually its mobile business, are under pressure from the rising threat of satellite internet, Oppenheimer analysts say in a research note. It has more exposure to home internet than its telecommunications peers, with plans to have fiber-optic cable passings in 60 million homes by the end of 2030, the analysts say. The company might be in for disappointment and stop at 50 million, they say. AT&T appears to be underestimating the pricing pressure it will face from satellite competition, which could capture 2 million or more subscribers per year and ramp up to 4 million by 2030, the analyst say. Shares fall 3.9%. (dean.seal@wsj.com)

(END) Dow Jones Newswires

June 03, 2026 11:55 ET (15:55 GMT)

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