A $40 Billion Wireless Sector Meltdown Puts Focus on T-Mobile
- Big stumbles by mobile giants have investors awaiting verdict
- Some blame inflation, others say issues are company specific
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AT&T Inc. and Verizon Communications Inc. shocked investors with their second-quarter results last week -- the former warning about the high cost of phone giveaways and the latter failing to meet growth targets.
The news sparked a sell-off that erased some $40 billion in market value from the three industry leaders. Now T-Mobile US Inc. is cast as the potential Goldilocks in this drama -- if its second-quarter results are just right.