AT&T Downgraded Ahead of SpaceX's IPO Due to Satellite Broadband Competition
Investment bank Oppenheimer downgraded AT&T from 'Buy' to 'Perform', citing long-term risks posed by satellite broadband services like SpaceX’s Starlink. The firm highlighted regulatory support for space-based internet and potential disruption in the traditional telecom sector.
Tickers: $T
Topics: AT&T downgrade satellite internet SpaceX IPO telecom industry