AT&T and Telecom Stocks Fall as Starlink Competition Intensifies
AT&T shares fell 5.5% in early trading Friday, while Verizon declined 3% and T-Mobile fell nearly 3.8%. The report links the declines to a stronger competitive threat from SpaceX’s Starlink service in consumer wireless.
By by Jack DentonTelecom stocks are tumbling again after the competitive threat in consumer wireless from SpaceX and its Starlink service just got a lot more real.AT&T stock fell 5.5% in early trading on Friday, with Verizon Communications stock down 3%. T-Mobile US stock fell near 3.8%.Investors a…