2022 Could Be a Tough Year for Wireless Carriers
AT&T (NYSE: T) Mobility CEO Jeff McElfresh threw some water on the blazing hot postpaid wireless industry at a recent investors conference. He said he expects a slowdown in subscriber additions across the industry next year as it laps significant tailwinds such as stimulus checks.
With fewer net additions on the table, AT&T and its rivals Verizon (NYSE: VZ) and T-Mobile (NASDAQ: TMUS) will have to focus on reducing subscriber churn and increasing average revenue per user (ARPU).
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Source Fool.com