AT&T has gone full circle and is same condition when C Michael Armstrong wrecked the company. Failed mergers and crushing debt, The debt anchor incurred on the failed mergers could have been used on expanding the fiber network.
The company is stuck with $136 billion of dead money and has to spend $20 billion a year in capital expenditures.
There is no info. on how much is going out the door to prop up DTV.
Look for significant layoffs and sell off of parts of the company.
With Amazon getting into web services it could absorb AT&T and have its own network.