Telecom, Cable Face Some 2023 Economic Challenges: S&P
Telecom and cable should "hold up reasonably well relative to other corporate sectors but it is still not completely insulated from an economic deceleration" and rising interest rates, S&P said Monday. It said wireless service revenue and subscriber growth will…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
likely moderate in 2023. It said it had "a cautious outlook" for U.S. wireline operators, and issues including higher interest costs, elevated capital spending and supply chain constraints could mean higher debt, while capital market constraints could make it difficult to access funding for wireline. It said cable operators might need to cut back on shareholder returns.