Tuesday, May 3, 2022

U.S. Wireless CapEx Outlook Stays Positive

By John Celentano, Inside Towers Business Editor


The big three U.S. mobile network operators – Verizon (NYSE: VZ), T-Mobile (NASDAQ: TMUS) and AT&T (NYSE: T) – in their 1Q22 earnings reports, gave the industry a positive indication of their planned network investments. The outlook through 2025 bodes well for a sustained high level of capital expenditures to modernize and expand their networks.

Based on guidance provided in their Investor Day presentations and in their earnings calls, it appears that full-year 2022 will be the peak year reaching $46 billion among these three MNOs, then tapering out through 2025. On top of the Big 3 tally for 2022, DISH Network (NASDAQ: DISH) expects to invest about $2 billion, UScellular (NYSE: USM) planned spending is in the $750-800 million range, and the regional wireless carriers will invest around $300-500 million. Continue Reading

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