Nervous. That’s what any brass at a
company relying on 2016 infrastructure work from the top U.S. carriers
ought to be. It appears that the fog of 2015 that has kept carrier
spending grounded will drift into the new year as the big four –
AT&T, Verizon, T-Mobile and Sprint – continue moving toward less
expensive software-driven network while completing wireless upgrades.
The big guys cut capex spending in
2015 by 8.1 percent, notes Scott Moritz/Moritz Dispatch using estimates
compiled and published by Bloomberg this week. Moritz and others have
suggested, “the belt tightening isn’t over.”
Moritz reports AT&T Chief
Executive Officer Randall Stephenson told investors Tuesday “there’s
going to be a continual downward pressure on our capital spending.”
Verizon Chief Financial Officer Fran Shammo said last week that capital
outlay in 2016 will be “in the neighborhood of $17.5 billion,” compared
with a $17.5 billion to $18 billion range for 2015. In October, Sprint
said it is targeting a $500 million cut in equipment spending next year. Continue Reading
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