AT&T’s boost to capital expenditure spending (capex) will improve the...
AT&T’s boost to capital expenditure spending (capex) will improve the carrier’s competitive position against Verizon Wireless, but will “temporarily stress free cash flow,” Moody’s analyst Mark Stodden said in a note on the investor service’s downgrading of AT&T’s credit ratings.…
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The higher capex spending will also “not offset the higher leverage from debt-financed share repurchase,” Moody’s said.