Financial PerformanceAT&T remains a favorite stock, supported by solid multiyear EBITDA growth of 3%+, 9% CAGR in FCF/share and EPS through 2027, and accelerating capital returns with potential upside from tax reform.
Market ExpansionLUMN's mass market segment covers 16 states with virtually no overlap with AT&T, offering a complementary footprint for expansion.
Strategic AcquisitionsAT&T is in talks to acquire Lumen's consumer fiber operations for $5.5bn, suggesting strategic growth and expansion opportunities.