Seeking Alpha

In addition to hiking its dividend, AT&T (T -2.9%) says it plans to spend $22B on capex each...

In addition to hiking its dividend, AT&T (T -2.9%) says it plans to spend $22B on capex each of the next 3 years, up from 2011's $19B-$20B. $8B will be spent on building AT&T's 4G LTE network, which trails Verizon (VZ -1.5%) in terms of coverage, and $6B on expanding its wireline broadband network. AT&T is also guiding for mid-single-digit annual EPS growth over this time. Capex-starved telecom equipment/component names are rallying. CIEN +11.2%. ADTN +8.1%. APKT +5.8%. JNPR +2.1%. JDSU +6.8%. ALU +2.5%. (investor day: webcast, slides)
Comments (2)
  • I couldn't believe this, so I looked up CIEN.

     

    Wow.

     

    Too bad I don't own any of the green ones.
    7 Nov 2012, 11:32 AM Reply Like
  • how much of this amount (that will be spend by AT&T) will ALU be able to get.
    any way the amount (contract Value) does not matter. what matter is how much profit will ALu be able to keep
    if we look at a recent contract with California University Alu win, ALu has submitted an offer worth 22-25 Million while Cisco has submitted an offer worth 120 Million, for the same project, same criteria, almost the same specs.
    ALu does not sells their stuff, they (almost) give to away.
    7 Nov 2012, 02:20 PM Reply Like
DJIA (DIA) S&P 500 (SPY)