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In the fourth quarter, AT&T (T) is likely to have recorded lower revenues year over year despite improving market conditions due to continued infrastructure investments for 5G rollout across the country.
The infrastructure upgrade for digital transformation and accelerated pace of 5G deployment should help the Zacks Communication - Infrastructure industry thrive despite near-term headwinds. COMM, BAND and WTT are well-positioned to tap the exponential rise in data demand for video-based apps.