Telecom giants have been enjoying robust wireless subscriber growth over the past two years. However, T-Mobile, AT&T and Verizon have continued to lag the market during that time. So far this year, shares of T-Mobile fell 5%, while AT&T and Verizon both sank 8% — all while the broader market rose nearly 18% during the same period.
So, why can’t these troubled telecom stocks catch a meaningful bid higher? Variety Intelligence Platform Media Analyst and Correspondent Heidi Chung breaks down the biggest challenges plaguing the telecom giants.