Outlook for AT&T Improving, Verizon Faces Challenges, New Street Says

The outlook for AT&T is improving, New Street’s Jonathan Chaplin told investors. “AT&T’s network is improving, based on objective testing, and it seems as if churn is showing early signs of improving too,” he said. “We have been bearish on AT&T for years.” Verizon could face tough times if T-Mobile completes its buy of Sprint and Dish Network launches another wireless network, Chaplin said Tuesday: “If AT&T starts to take share as well, Verizon is very exposed. AT&T’s recovery is still speculative; sub trends aren’t improving yet; but they should if the network improves, and the network should improve with new spectrum.”