S&P Says Wireless Sector Holding Up Well; Questions Remain

COVID-19 “has wreaked havoc on the U.S. economy since early March,” but S&P Global Ratings expects the U.S. wireless industry to “hold up reasonably well relative to other corporate sectors,” it reported Monday: “Competitive intensity among wireless companies should be relatively steady over the next couple of years as T-Mobile embarks on its integration of Sprint. However, there is still a lot of uncertainty.” New competition from cable operators and Dish Network “could constrain top line and margin improvement,” S&P said.