Better Buy: AT&T vs. Verizon
The competition between AT&T (NYSE: T) and Verizon Communications (NYSE: VZ) has favored Verizon in recent years, as AT&T invested heavily in non-5G assets. Although AT&T made costly mistakes in its non-5G ventures, it has now worked to correct those errors.
The question now for investors is whether that makes AT&T stock a better choice than buying Verizon. Let's take a closer look.
AT&T has finally begun to address the poor performance of its non-5G investments. DirecTV cost AT&T $67.1 billion in cash and added debt back in 2015. Earlier this year, its spinoff valued the asset at just $16.25 billion. Also, while the spinoff of WarnerMedia nets AT&T $43 billion, investors may recall that AT&T purchased the former Time Warner for $109 billion.
Source Fool.com
