There's Only One Telco I Own Now
I finally pulled the plug on AT&T (NYSE: T). Ma Bell's decision to unload WarnerMedia in a combination with Discovery (NASDAQ: DISCA) (NASDAQ: DISCK) on Monday -- and the stock surprisingly moving higher on the news -- was the last straw. I've owned the wireless carrier for more than three years. It didn't move much, but at least there were healthy quarterly dividends along the way.
A few months ago it seemed as if I was just collecting global telco giants. Juicy yields and the promise of 5G drew me to seek telcos beyond AT&T. I bought into China Mobile and China Telecom, two of the three largest wireless carriers in the world's most populous nation. Last summer I added Spain's Telefonica (NYSE: TEF). In January I picked up some Verizon Communications (NYSE: VZ).
One by one they're nearly all gone from my portfolio right now. Telefonica is all that's left at this point. Now is a good time to explain how I got here.
Source Fool.com
