It's been a tough few years for telecom giant AT (NYSE: T). In retrospect, its decisions to acquire DirecTV and then Time Warner were not only ill-advised, but expensive. Those deals have since been (mostly) unwound, but their exits left the company even more heavily indebted.

The wireless market reaching the point of saturation right around the same time a global pandemic was rattling everything only exacerbated these problems. At least rival Verizon Communications (NYSE: VZ) was more focused on its core business during this tenuous time for AT, and it had a better stock performance to show for it.

As the old adage goes, though, nothing lasts forever. AT may be the better investment of the two telecom names now, in light of last quarter's results.

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Source Fool.com