Better Telecom Stock: AT&T vs. Verizon
AT (NYSE: T) and Verizon Communications (NYSE: VZ) have delivered their 2023 results to shareholders. Although investors had differing reactions to both of these stocks, both reported strong growth in their wireless segments, and since these are two of the three nationwide 5G carriers in the U.S. (T-Mobile is the third), they make up most of its telecom industry.
Additionally, both began as landline providers following the breakup of the original AT, and they have followed similar paths to spearhead today's wireless industry. The question is: Which telecom stock will better serve today's investors?
AT is the market share leader, and judging by its growth, that lead does not appear to be threatened. In the fourth quarter, AT added 526,000 postpaid phone net additions, taking the 2023 total to 1.7 million.
Source Fool.com
