Analyst Expects Mostly Positive Comments During Las Vegas Citigroup Conference
With Citigroup holding a financial conference in Las Vegas Tuesday and Wednesday during CES, analyst Michael Rollins said he expects a mostly positive message from the companies participating. “Wireless should have another solid quarter of postpaid net add volumes and…
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revenue growth within the industry, while longer-term competitive risks remain,” Rollins told investors Friday: “We expect positive commentary from Verizon as well as T-Mobile on postpaid volumes, while AT&T is likely to focus on the prospects to improve performance in 2020 after mixed metrics in 2019.” Residential broadband “seems to be trending positively” this quarter, he said. “The outlook for the wireless industry structure remains uncertain with the ongoing Court case brought by the State [attorneys general] to block the proposed T-Mobile and Sprint merger,” Rollins said. “We expect a lot of ‘what if’ questions to be asked of the management teams,” he said.