Analyzing the Telecom Industry and Cash Flow Importance for Telecom Stocks

This chapter delves into the telecom industry, highlighting the significance of cash flow over volume growth when investing in telecom stocks. It explores how pricing drives cash flow dynamics, the influence of competition in the US telecom market, and discusses AT&T's strategic positioning post-merger. The chapter also examines AT&T's dividend sustainability, growth prospects in their fiber business, and the emergence of fixed wireless broadband access as a competitive alternative.