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AT&T Looks to the Future and Beyond!

Anders Bylund of The Motley Fool recently noted that AT&T invests more money in future growth drivers than any other American technology business. “Over the last four reported quarters, AT&T showed $23.2 billion of capital expenses according to Capital IQ data. That’s nearly $6 billion ahead of telecom rival and No. 2 spender Verizon Communications. In fact, Intel, well known for investing heavily, came in third-place,” Bylund explained.  AT&T does have $114 billion worth of operating assets; however, the company doesn’t separate growth and maintenance capital expenses in its financial reports. “Backing out AT&T’s depreciation from its trailing capital expenses, then, leaves about $7.5 billion of growth-focused spending. That’s still the largest total in the tech sector,” according to Bylund. You might wonder what AT&T is spending all of this cash on.


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Verizon to Entertain Sale of Towers

Verizon reported their third quarter earnings Tuesday morning, but they didn’t discuss the potential sale of their assets. One of the analysts on the call, Phil Cusick of JPMorgan, asked how the company was thinking about the potential sale of their towers. CFO of Verizon, Fran Shammo, explained, “As far as the asset sales go, look I’ve nothing to announce today. We said publically that we certainly would entertain a sale of our towers if the terms and conditions were right. And at this point, we don’t have anything there.


Towers May Be Allowed in Residential Areas in Wyoming

In Dayton, Wyoming, the Town Council passed an ordinance that will allow telecommunications towers to be built in R2 residential zones, but only on a case-by-case basis, and then approved by the council. According to the Sheridan Press, “Dayton Mayor Bob Wood said the change was made to prepare for the installation of a Verizon cell phone tower in an R2 zone on town property near the Tongue River Valley Community Center in Dayton.


Verizon CFO Not Interested in America Movil Assets

Verizon Communications has no interest in acquiring assets being sold by Latin America’s biggest telecommunications company, America Movil, Verizon’s chief financial officer told the Wall Street Journal on Tuesday. AT&T said in September that they would not rule out a deal with America Movil. America Movil’s Carlos Slim announced the sale of assets in July after the Mexican government made changes in the sector to curb Slim’s dominance in Mexican telecoms. AT&T is one of several potential buyers America Movil has contacted as it tries to sell a chunk of assets, according to Reuters.