Summary
- AT&T stands to benefit from tax reform due to an effective tax rate currently around 35%.
- Cash flows are set to get a major boost.
- Progress on DirecTV Now could finally stem subscriber losses since the merger with DirecTV.
My view on AT&T has trended towards negative in the last year or so as the wireless market became competitive and the wireless giant increasingly focused on large-scale mergers with massive distractions and integration headaches. The recent news suggests the company might finally start seeing some positives from the business and regulatory environment.
formatting link