Jun. 5 at 2:04 PM
$VZ $T $TMUS Oppenheimer projects that LEO providers will capture more than 2 million subscribers annually, securing a 10% share of the total fixed broadband market by 2030. The downstream impact on capital expenditure targets alters the terminal value of wireline assets. AT&T’s multi-year strategy to reach 60 million fiber passings is now projected to stall at 50 million. As satellite capacity expands and pricing reaches parity with legacy broadband, the economic justification for laying physical fiber, neighborhood by neighborhood, collapses, leading to a sharp prediction that new fiber builds across the industry will fundamentally halt within three years.
